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NEAR

NEAR: Current Trends and InsightsNEAR Protocol is currently going through a period of volatility, with its price hovering around $3.89. Recent market trends show a mix of bearish sentiment and some cautious optimism among investors. Let’s break down the key indicators and levels influencing NEAR. Current Sentiment: NEAR is mostly bearish, having dropped 3.5% over the last 24 hours. This follows a minor recovery earlier in the month, highlighting the ongoing struggle to maintain upward momentum. Support and Resistance Levels Key Support: $3.43 – This level has been tested and is crucial in preventing further declines. A break below this could lead to increased selling pressure. Secondary Support: $3.60 – This level serves as an additional buffer in case of further price drops. Key Resistance: $4.08 – A breakout above this level could signal a potential reversal in trend, opening the door for bullish momentum. Secondary Resistance: $4.49 – If NEAR breaks through $4.08, this will be the next target for bullish movement. Short-Term Predictions Looking ahead, NEAR is likely to face challenges breaking through the $4.08 resistance. Analysts predict that if NEAR holds above the key support at $3.43, there could be opportunities for a rebound towards higher resistance levels in the coming weeks. Potential Price Range for September 2024: Minimum Price: $3.32 Average Price: $3.75 Maximum Price: $4.76 Market analysts are watching these levels closely as they may dictate NEAR’s short-term trajectory. Recent News Impacting NEAR Recent developments around partnerships and ecosystem growth in NEAR could help strengthen investor sentiment in the medium to long term. NEAR has been actively involved in collaborations aimed at improving DeFi capabilities and expanding user adoption, which may provide some resilience against the current bearish market. Call to Action For investors eyeing NEAR Protocol, now could be a strategic time to monitor the situation closely. With bearish sentiment dominating and key support levels being tested, it’s important to stay informed about market shifts and potential breakout signals. While NEAR is facing short-term challenges, its long-term potential remains promising due to its ecosystem growth and ongoing developer interest. Stay vigilant and carefully consider your investment strategies!
by MonoCoinSignal
9/15 Weeks Overview. Rate Cut Volatility or Bullish Opportunity?Overview: The VANTAGE:SP500 closed the second week of September with a strong green candle, completely retracing the previous week's red candle. The precision of this price action is impressive: the 1st week's open was at 5623, and the 2nd week's close was at 5626. The 1st week's close was at 5408, and the 2nd week's low was 5406. So, is this a bearish or bullish signal? Neither—it's volatility. There's uncertainty around whether we're headed for a recession or a soft landing. Will the Fed’s rate cut ignite a bull run or crash the market? One factor contributing to this week’s positive performance is favorable macroeconomic data, such as the CPI and PPI, which came in lower than expected and weren't revised down multiple times. Next week, all eyes will be on the Fed's interest rate decision, scheduled for Wednesday at 2 PM EST. This announcement will overshadow other key macro data, including US retail sales (trending up), building permits (trending down), and the NY Empire State Manufacturing Index (trending upward since January 2024). Current expectations are split, with a 48% chance of a 0.25% rate cut and a 52% chance of a 0.50% cut. The expectation of a two-basis-point cut has doubled in just a month. If the odds were skewed more heavily (90/10), the market could avoid volatility as the move would be priced in. However, in the current scenario, even a 0.25% rate cut could trigger a sell-off. Historical Context for Rate Cuts and Risky Assets: Looking back at how NASDAQ:QQQ performed after past rate cuts provides valuable insight: • July 31, 2019 to April 2020: Rates dropped from 2.40% to 0.05%. In the next three trading days, QQQ dropped 6%. However, it reached a new all-time high in 86 days and gained 22% in 202 days. This was supported by a strong labor market, with unemployment falling for eight consecutive years. The temporary decline was due to COVID shutdowns. • September 18, 2007 to December 2008: Rates fell from 5.25% to 0.15%. QQQ soared 1.9% on the day of the cut and gained 12.2% over the next 42 days. However, the Subprime Mortgage Crisis ensued, leading to a 52% drop in 380 days. The labor market was weak, with unemployment rising for four months before the cut. • January 3, 2001 to July 2003: Rates declined from 6.5% to 1%. This marked the collapse of the Dot-com bubble. QQQ had already corrected by 56% over 280 days. While it rallied 32% in the next 21 days, the downtrend resumed, dropping another 61.4% over the next 645 days. Unemployment had bottomed eight months before and started rising one month before the cut. More weight should be given to the 2007 scenario, as the current labor market resembles both 2007 and 2001. The 2001 rate cut holds less relevance since QQQ tracks tech stocks, which were uniquely impacted during the Dot-com bubble. Strategic Outlook: Based on historical data, one could allow the market correction to finish on Monday or Tuesday, then take a long position on your favorite altcoin for 1–2 weeks—but no longer than that. In terms of ETF flows, historically, if weekend was red, Monday opens with more sell off driven by ETFs. BTC Timeframes: W: Needs to stay above $58.4 to maintain short-term bullishness. However, given the upcoming volatility, the chances are slim. D: As of Sunday evening, whales started selling off, likely anticipating next week’s volatility. As mentioned in Friday's forecast, "Short-term correction to $58.4, then volatility during the rate cut week." The current correction from Friday’s highs is 3.5%. 4h: The sell-off began at 4 PM EST and has now corrected to the weekly level of $58.4. 1h: The price has just reached the weekly level, and RSI is oversold, presenting a short-term bullish opportunity back to the $59.8 level. Altcoins Relative to BTC: The divergence continues, with altcoins correcting more than BINANCE:BTCUSD . While BTC has corrected 3.5%, BINANCE:ETHUSD is down 6.7%, and BINANCE:SOLUSDT is down 6.4%. Bull Case: We are in a 2019-like scenario, where speculative assets rise for several months after a rate cut. Bear Case: We are in a 2007-like scenario, where the labor market continues to weaken, corporate revenues shrink, and the recession plays out over a couple of years. Fear and Greed Index: Currently at 35.64 and trending down. As long as the index remains below 40, it's a good time to start dollar-cost averaging into top altcoins like ETH, SOL, BINANCE:NEARUSDT , BINANCE:BNBUSDT , and BINANCE:AAVEUSDT . Prediction: We’ve already corrected to a relatively strong weekly level. The only prediction that can be made is a short-term bounce, followed by more volatility. Opportunities: BINANCE:FTMUSDT has reached a higher price on the 4-hour chart, but its RSI and MACD are trending down, signaling a bearish divergence. This could be invalidated by a sudden spike in BTC.
COINBASE:BTCUSD
by EvgenCapital
Sept 6. Start DCA'ing these altsOverview: The FRED:SP500 is down, NASDAQ:QQQ is down even more, and COINBASE:BTCUSD has dropped. Everything is red! Or wait… BINANCE:SUIUSDT is up! Could this still be the effects of the Grayscale Trust, and how much longer can SUI defy the overall market? Previous Grayscale picks like BINANCE:NEARUSDT and BINANCE:TAOUSDT aren’t performing as well on red days like yesterday. The Fed reported fewer new jobs added in August—lower than expected, even after multiple revisions. This was also fewer than the job additions in August of the past few years. Quantitative tightening is in full swing! These metrics signal a potential path to a rate cut, but large economies like the U.S. don’t pivot easily, especially not with just a move from 5.50% to 5.25%. Higher unemployment and fewer job openings will likely persist for months, possibly even quarters. Yet, no federal bailouts? No major bankruptcies? Meanwhile, commercial real estate is still struggling, with San Francisco’s office vacancy rate rising to 37%, up from 36.7% in Q1 2024. BTC ETFs are seeing 9 consecutive days of outflows. BINANCE:ETHUSD has seen consistent selling throughout August, except for a slight uptick on August 28th when Blackrock bought slightly above the original Grayscale Trust level. Believe it or not, this is when whales start dollar-cost averaging (DCA) back into the market. So why is the market falling if big players are buying? These deep pockets unloaded their portfolios and secured profits early in the year when green candles were stacking up. The current selling pressure is from retail traders, as reflected in ETF trends. If you still have cash (or those precious paychecks), this could be a good time to spread it out into 10-15 weekly buy orders. Don't try to catch the exact bottom—just remember the old adage: "Be fearful when others are greedy, and greedy when others are fearful." W: It’s only the first week of a bloody September, and BTC is already nearing the $52.15k weekly level. Sunday might be calm, with a potential bounce back to $55.9k. But watch out for Sunday evening (U.S. Eastern time) when the Asian bears wake up. D: Friday closed lower than August 5th. This is the third time we’re testing the $52-54k range—July 5, August 5, and now September 6. History doesn’t repeat, but it often rhymes. The worrying sign: yesterday’s volume was much lower than the previous two occurrences. No need to look far; volume has been rising over the last 7 days, confirming bearish sentiment. 4h: RSI dipped below 30 at 4 PM Eastern, but since then it’s bounced back 1.5%. Looking back at July 5 and August 5, we can see a key level around $54.4k (though this doesn’t hold on the daily chart). This is the point where decisions must be made. 1h: Price action is moving sideways. Alts relative to BTC: ETH has dropped more than BTC and other altcoins, falling to levels not seen since January 11th when the BTC ETF was approved. The argument that Layer 2 solutions diminish ETH’s "sound money" status isn’t helping. Bearish. On the bright side, APT has been trading below BTC ETF demand for 91 days and could be a good option for DCA. SUI shrugged off the recent sell-off and posted a 5.13% green candle, making it another solid contender alongside APT, as both are already below BTC ETF price levels. Bull case: Everyone who could sell has already sold. Now, only the diamond hands remain. Bear case: The capital allocators have finished realizing gains, and retail traders are finally waking up to the fact that the bull run has been canceled. Fear and Greed Index: 25.97 – an all-time low for 2024 and 2023. Prediction: A short-term rebound over the weekend, followed by further declines next week. Opportunities: Check out weekly and 4-hour divergences in major altcoins. Are you shorting TON yet? Mistakes: The bullish MACD divergence didn’t play out for BINANCE:SOLUSD , BINANCE:ARUSD , and BINANCE:AVAXUSDT . When big brother (BTC) makes a move, it doesn’t matter what the technical analysis says for altcoins.
COINBASE:BTCUSD
by EvgenCapital
Trade Setup: NEAR Long Position (Range Support Test)Market Context: NEAR is testing the bottom of the range level of support, providing a favorable opportunity for a long trade. Trade Setup: Entry: Long spot position at $3.50 - $3.80 support level. Take Profit: First target: $4.30 Second target: $5.00 - $5.40 Final target: $6.00 - $6.50 Stop Loss: Just below $3.40 📊 This setup aims to leverage the support level for potential upside, with clearly defined profit targets and a tight stop loss to manage risk effectively. #NEAR #CryptoTrading #SupportLevel
Long
by Richtv_official
Sept 3Overview: As we wrote on Sept 1st: "Tuesday brings a wave of bears." It's been a strong start to the week for bears. The VANTAGE:SP500 is down 2.12%, pushing aside hopes for new all-time highs and forming a pattern resembling a double top. The riskier NASDAQ:QQQ dropped even more, correcting 3.04%, further confirming bearish sentiment. Both of these corrections were preceded by their respective futures ( CME_MINI:ES1! and CME_MINI:NQ1! ) crashing 5 hours before the market opened, wiping out Friday's gains. Immediately after the stock market fell, BTC followed. We are now below the critical $58.4k weekly level, which had been tested many times. BTC even touched and bounced perfectly from the next weekly level of $55.8k. The new trading range is $55.8k - $58.4k. We conclude that this price action is likely due to insiders dumping assets or securing profits ahead of the Fed’s jobs report scheduled for Wednesday. One issue with the new $55.8k level is that it isn’t as strong as the previous level since it hasn't been tested as much. It's also away from the point of control (based on the volume profile) on all timeframes (1h, 4h, W), meaning it's not where the whales are trading. We likely won’t stay at this level for long. Global liquidity has resumed its upward climb after an 8-day decline, which perfectly mirrored the last BTC bull trap (yellow line on our chart). W: The week opened lower than the August 5th closing. Bearish. D: Played out as expected, hitting the BB MA at $59.8k on Monday, then dropping to the lower band at $55.5k. After bouncing off the lower support band, the price should naturally return to $58.4k to establish it as resistance before continuing the downtrend. 4h: At the lower band. RSI is close to 20 and hasn't crossed the 50 mark in the last 7 days. Bullish, unless Wednesday's Fed report knocks out the markets completely. 1h: What is less visible on the 4h chart is clearer on the 1h chart. A bullish MACD divergence is forming, and RSI is below 80. Target: $58.4k. Alts relative to BTC: COINBASE:ETHUSD , COINBASE:SOLUSD , and BINANCE:TONUSDT have declined lower than the August 4th closing. COINBASE:NEARUSD and BINANCE:ARUSDT haven’t yet, but they’re not far off. Bullish whales are keeping COINBASE:SUIUSD afloat despite strong headwinds. Bull case: All macroeconomic data has already been priced in, and we are at the bottom of the market. Whales have likely finished taking profits and will stop selling to retail traders, easing selling pressure. When the market looks this bearish, that's often when it pulls an "UNO Reverse" and starts pumping to new highs. We need to see full capitulation, like on August 5th, to target at least a short-term rebound. Bear case: Continuous confirmation of bearish sentiment: lower lows, lower highs. Fear and Greed Index: 34. Congratulations! We are officially in the fear zone. Historically, buying at this level tends to be profitable. If you start diligently DCAing while in Fear territory, you won't go broke. Prediction: BTC will likely spike up short-term to either the BB MA or the upper band, followed by a continuation of the downtrend. Opportunities: Weekly and 4h divergences in major altcoins: COINBASE:SUIUSD couldn’t hold its weekly level, which has now become resistance. BINANCE:TONUSDT next target is $2.48 (-46.5%). BINANCE:ARUSDT next target is $10.8 (-50%). COINBASE:SOLUSD and BINANCE:NEARUSDT both show 4h MACD divergence and are both at weekly levels. If BTC can trade sideways for 5-7 days, there are bullish opportunities in these two coins.
COINBASE:BTCUSD
by EvgenCapital
Alikze »» TIA | Ready to pullback to the broken structure🔍 Technical analysis: Ready for a pullback from the liquidity zone to the broken structure - According to the analysis of the previous post , TIA currency is moving in a downward channel. - As can be seen, lower floors and ceilings are forming, which further reinforces the bearish view. - Currently, in the 1D time frame, it is in the liquidity zone, which can target 3.17 with a pullback to the neckline and then the green box zone. - Therefore, in the case of a pullback to the broken structure and selling pressure in the Fibo area of ​​1.618, it can touch the mentioned targets. 💎 Alternative scenario: In addition, if it can break the neck line, it will have the ability to grow up to the supply area of ​​the previous ceiling and the ceiling of the channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:TIAUSDT
Short
by alikze
1
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap - According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area. - Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed. - But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel. - Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap. 💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Short
by alikze
Alikze »» FET | Bearish Flag🔍 Technical analysis: Bearish Flag - In the analysis presented in the weekly Time, after a corrective trend up to the major ceiling area, it encountered demand, which led to a growth of more than 80%. - Currently, in the 4H time frame in an ascending channel, in the middle area of ​​the channel, as you can see in the chart, a bearish flag has been formed. - Therefore, due to the failure of the supply zone, which is also recorded as a rejection candle, it can have a correction to the origin of movement after exiting the short-term ascending channel or the flag as high as the previous leg. 💎 Alternative scenario: In addition, if it can stabilize above the supply zone, the bearish flag pattern will be invalidated and it can continue up to the top of the growth channel. 🛑 Resistance: 1.172 🟢 Support: 0.78 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FETUSDT
Short
by alikze
Alikze »» BNB | Support zone failure🔍 Technical analysis: Support zone failure - In the 4H time frame, after not being able to break the supply area, it has faced selling pressure. - Currently, a bullish pattern is observed, which has extended to the supply area. - Therefore, any pullback to a broken structure can face selling pressure again. - So we should see an increase in selling pressure in the supply area to continue the corrective lag until the liquidity area. - In addition, in case of breaking the liquidity area, the correction can continue up to the specified areas and Fibo 2.618. Alternative scenario: In addition, if it can break and stabilize the supply area upwards, it can have a retest to the next supply area. 🛑Range of resistance or supply area: 531-547 🟢 Support area: 468-464 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:BNBUSDT
Short
by alikze
Sept 2Overview: Labor Day is over, and yesterday the bulls came out strong, pushing COINBASE:BTCUSD back into its trading range, above the $58.4k level. But whose bulls were they—American or Asian? Volume data from Coinbase shows 4.3k for the BTC/USD pair, compared to 10.7k, 8.5k, and 12.1k over the last three Mondays. These numbers are much higher than those for the BTC/USDT pair, indicating it wasn't American bulls who saved the day. On the other hand, Binance reports higher numbers for the BTC/USDT pair, with 23k, 19.4k, 22.8k, and 37.0k for the last three Mondays. Two lessons learned: 1. Check the provider of your chart data and what pair you are analyzing, especially if you're tracking volume or any volume-related indicators such as Volume-Weighted Average Price, volume profile, footprint, cumulative volume delta, etc. 2. The U.S. market honors workdays. Asian bulls came in strong and overpowered the bears. W: Back to the old trading range. Neutral. D: Under BB MA. Possible fake breakout (or fake recovery due to the U.S. holiday?). We'll find out today when the U.S. market opens in a couple of hours. 4h: It was the 5th attempt to break the BB MA, and it succeeded. Now we're at the top of the BB channel, above the most recent high but stalling at the next one, near the point of control. Neutral. 1h: MACD divergence is starting to appear. Bearish. Alts relative to BTC: Altcoin weakness compared to BTC continues to widen. BTC returned to its trading range, and on the daily chart, it looks like a bear trap. However, for major altcoins like COINBASE:ETHUSD , COINBASE:SOLUSD , and COINBASE:SUIUSD , their previous levels have become resistance. Neutral on BTC, bearish on altcoins. Bull case: Since we're holding the weekly range and a bear trend isn't confirmed (at least in the short term), stay bullish. Bear case: Altcoins are weaker, volume is low due to Labor Day, so Asian bulls were pushing up in a less liquid market. Fear and Greed Index: 46.78. Up a couple of points. Neutral. Prediction: The Fed has been revising many data points downward, indicating they might not fully understand what's happening, leading to a lack of trust in their estimates. This week's jobs data might come out much lower, which, combined with other factors, could crash the market. However, before that, we still have a full day of trading during which BTC might trade higher.
COINBASE:BTCUSD
by EvgenCapital
Alikze »» ZRO | Pullback to broken structure🔍 Technical analysis: Pullback to broken structure - It has been moving in an ascending channel in the 4H time frame. - Currently out of the ascending channel. Considering that a corrective form has been formed, any reversal can be faced with selling pressure up to the neckline and supply range. - Therefore, after the demand in the middle of the short-term descending channel, it can continue the downward trend to the bottom of the descending channel after the pullback to the broken structure. - The first support area and the 100 Fibo retracement area is 3.47 and after its failure, it can continue until the correction demand area. 💎 Alternative scenario: In addition, if this return so that the neck line can break the supply area and stabilize above it, it can continue its growth up to the previous ceiling and the next supply range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ZROUSDT
Short
by alikze
Sept 1Overview: A significant sell-off occurred at 10 AM on Sunday in New York, which was 9 PM in Shanghai. The Asian bears have made their presence felt. Will American bulls step in to buy this dip, or have they had enough? Between 4-5 AM NYC time, the COINBASE:BTCUSD price was pushed back up to the $58.4k weekly level, but it has now clearly become a resistance level rather than support. As the Labor Day hangover fades and Tuesday approaches, we hope the digital currency market remains intact. W: After Sunday, last week's closing price was below the previous week's opening price and below the weekly level of $58.4k. This is bearish. D: The new daily closing price of $57.3k is the lowest in this retracement since the August 5th crash. Bearish. 4h: Previously, we had visited this low price, but it didn’t close at the end of the day, making it appear as a wick on the daily and weekly candles. However, on the 4-hour chart, it is visible as a candle body, which gives the impression of trading within a price range. If we look at Bollinger Bands, the price has failed to break the moving average since crossing it from the top on August 26th. 1h: This drop in price can be considered a bear trap. This becomes increasingly clear as we move to lower time frames (4h, 1h, etc.). Alts relative to BTC: Altcoins sold off more deeply but are now recovering faster than BTC, mainly due to their volatile nature. Bull case: We held the weekly level, so this could be the bottom. Bear case: Once Tuesday rolls in, the market might start selling frantically. Fear and Greed Index: 42.5 - trending downward. Once it dips below 40, entering the "Fear" zone, everyone should start buying. Prediction: Tuesday will bring a wave of bears. Opportunities: Look for divergences on the weekly and 4-hour charts of major altcoins: Short BINANCE:TONUSDT
COINBASE:BTCUSD
by EvgenCapital
Aug 31, Week overview.Overview: The Personal Consumption Expenditures (PCE) Price Index for July, also known as the inflation rate, was reported at 2.5%. This matches the rate from June and is consistent with the readings from January and February of this year. The PCE is similar to the Consumer Price Index (CPI), but the Federal Reserve prefers the PCE because it accounts for changes in consumer behavior and provides a broader measure of inflation. For example, if consumers switch from buying beef to chicken because beef becomes more expensive, the PCE captures this substitution effect, whereas the CPI does not adjust as quickly. The FRED:SP500 SP500 closed the week with a strong performance, breaking out of its established range with the highest volume seen in the last 20 days. However, this surge wasn’t driven by the volatile tech sector, as evidenced by the weaker performance of NASDAQ:QQQ . The Dow Jones Industrial Average ( TVC:DJI DJI) closed with a confirming green candle, cementing its all-time high. The economy appears to be booming. W: This week, COINBASE:BTCUSD completely retraced last week’s green candle that touched the Bollinger Bands (BB) moving average (MA). It's always interesting to see what happens during Asian trading hours on Monday morning (late Sunday evening in the US). This time, the US might not interfere with Asian market movements due to the Labor Day holiday. If there’s a sell-off, US bulls might be away from their brokerages, unable to support the crucial $58.4k level. Bearish. D: Over the last four days, BTC has seen lower highs but the same lows. This period mirrored the global liquidity index, which has been declining for the last four days as well. No divergences. 4h: No divergences. BTC is below the Point of Control, which is bearish, but it is aiming to break the weekly support line for the third time in four days. Neutral. 1h: Range trading. No divergences. Neutral. Alts relative to BTC: Alts are weaker than BTC. This is the type of divergence we typically look for. BINANCE:SOLUSD and BINANCE:NEARUSD have been sliding down for the last eight days, approaching their August 5th closing prices. BINANCE:ETHUSD is only 2.44% below its recent level. Bull case: A booming stock market could reduce inflation concerns. Market participants may turn optimistic and start betting on riskier assets. BTC could hold the $58.4k level once again, and next week we might see a big green candle that initiates the fourth bull run wave of the current cycle. Bear case: The worst happens—while bulls are celebrating Labor Day, Asian bears could completely annihilate the market. Fear and greed index: 46.36. Flat for four days. Prediction: Short-term outlook is indecisive. Weekly outlook remains bearish. Opportunities, at W, 4h divergences of major alts: Many Alts are at weekly levels as BTC attempts to bounce off its support level. This presents an opportunity for a few short-term green candles. However, be cautious, as you will be betting against a larger trend, so set tight take-profit (TP) levels and even tighter stop-loss (SL) levels.
COINBASE:BTCUSD
by EvgenCapital
NEAR Trading targets 2024-25Quick T/A update for September 2024 - December 2025 Monthly chart of NEAR price from the beginning. Purple and blue fibs are what I call 'Origin Fibs', which I use for medium to long-term crypto trading. When close together they can create trading zones that I check for historic resistance and support. One of my principles is that zones need to become 'confirmed support zones' before a meaningful push to the higher zones becomes more likely to occur. With crypto, hype and fear dramatically influences price, which is expressed in big peaks and sudden troughs. I therefore take a longer term view. With NEAR, the $8-$9 zone is a confirmed support zone, which in my view increases the likelihood of this zone being overcome in the short term and reduces the likelihood of a confirmation move (i.e. price can shoot through it without requiring a re-touch for confirmation). Trading Target Zone I ($11-$14) however, is a yet-unconfirmed support zone and therefore a different story. Selling in the high end within this zone, can result in a good buying opportunity later as the price meanders back down (potentially as low as $11, with an intra-month spike even below that) to confirm this zone as a support zone. Trading Zone II is highly likely to spark a pull-back before it may be overcome later. I'm not speculating beyond this point. Good luck NEAR hodlers and LT traders.
BINANCE:NEARUSDLong
by Fractaleer
1
NEARUSDT🔍 NEAR/USDT Analysis: Key Dates for Strategic Moves 📉 The NEAR/USDT chart highlights important upcoming dates where price movements may present trading opportunities: • August 21, 2024, August 28, 2024 - Red Lines: These dates mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn. • August 23, 2024, September 1, 2024 - Green Lines: These dates indicate potential local lows, offering favorable conditions for accumulating NEAR or entering long positions. By aligning your strategy with these key dates, you can better position yourself to capture gains and manage risk effectively in the NEAR market. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
by trushkovskiy
1
NEAR🔍 NEAR/USDT Analysis: 4-Hour Timeframe 📉 The NEAR/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view. • September 1, 2024, 9:00 AM, September 9, 2024, 9:00 AM - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating NEAR or entering long positions. • September 16, 2024, 9:00 AM - Green Line: This time marks another potential local low, which may present an opportunity to buy. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Aug 29Overview: The FRED:SP500 experienced another day of indecisiveness. However, for the first time during this established range, it closed in red for two consecutive days. NASDAQ:QQQ followed a similar pattern. Both indices showed higher volume than the previous day, confirming the downtrend. Buckle up for the opening price on September 3rd (Monday is Labor Day in the US). GDP growth came in strong at 3%. Does this seem like a shrinking economy? Could there be a recession if the Fed doesn’t pour gasoline on this fire? It’s starting to look like 2 rate cuts instead of 4 by the end of the year. BTC ETF has been selling for three consecutive days—on the 27th, 28th, and 29th. On the 27th, we saw a big red candle, but the market was able to absorb all that selling pressure without dropping lower. However, it's a bearish sign that even at the relatively low price point of $60k, the ETF crowd doesn't seem confident in COINBASE:BTCUSD ETH ETF trading was halted, with no buying or selling activity. Are they bracing for a big move, or is this the bottom? W: Old range, nothing new. Bearish. D: On Thursday, bulls tried to push it higher and correct the crash that occurred on Monday, Tuesday, and Wednesday. However, we are holding the range support, and the recent dip resulted in higher lows and higher highs. Mildly bullish. 4h: Sitting at the point of control line (from volume profile). It wants to break above the BB MA for the second time this week. Mildly bullish. 1h: Broke above BB MA, with an upper target of $60.05k. Bullish. Alts relative to BTC: For many ALTs ( COINBASE:SOLUSD , COINBASE:NEARUSD , BINANCE:ARUSD , COINBASE:RNDRUSD ), Thursday was a red day, creating a divergence with BTC. This is bearish for the overall crypto market. If we have three days of the market going down, and on the fourth, BTC is recovering, we want ALTs to recover with it, not continue the sell-off. Bull case: We are holding our levels strongly, and more accumulation is happening at this level. The Cumulative Volume Data (CVD) indicator suggests that even with more aggressive sellers present, the price is still able to rise, meaning some market participants are buying up those sell orders. Bear case: Same as yesterday—the bulls are weak, and the price continues to revisit the support level until it’s broken. Fear and greed index: 46.45. No change. Prediction: Short-term zigzag, long-term bearish. Opportunities, at W, 4h divergences of major alts: With BTC not knowing where to go, any ALTs technical analysis will be useless. Just like our previous prediction of COINBASE:APTUSD correction due to the MACD divergence and head-and-shoulders pattern didn’t play out, and it still bounces off the weekly resistance level.
COINBASE:BTCUSD
by EvgenCapital
Aug 25Overview: The FRED:SP500 closed Monday with a red candle, erasing last week’s Friday gains. Durable goods orders were reported today, showing the highest increase since July 2020. This indicator reflects the amount of new orders placed with manufacturers for durable goods expected to last at least three years, such as automobiles, appliances, electronics, and machinery. An increase in durable goods orders typically signals business confidence and a willingness to invest in long-term assets. However, this rise was driven mainly by automobile purchases; excluding cars, the figure was down 0.2%. Global liquidity has been increasing for the past 60 days. The last time we saw such a sustained rise was from the end of October 2023 to mid-January 2024, which marked the start of the current bull market. This is a bullish signal. W: The BINANCE:BTCUSD price has reached the lower bound of the current range, 63k-64k. D: Monday closed with a red candle. The lack of a lower wick is concerning, suggesting that bears pushed the price down throughout the day without giving bulls a chance to buy back. It closed slightly below the W level of 63k, at 62.8k. 4h: The price is at the bottom of the Bollinger Bands (BB). A rebound is needed, but it’s not happening yet. The price is trading below the W level. While this isn’t a significant issue for the W candle, it’s crucial for the 4h to stay above 63.1k. 1h: The RSI has touched the oversold level of 30. This is a bullish signal. Alts Relative to BTC: There’s no significant divergence. Some altcoins corrected less ( BINANCE:SOLUSD , BINANCE:NEARUSD ) while others corrected more ( BINANCE:SUIUSD , BINANCE:FTMUSD ), but in the early hours of Tuesday, almost all have recovered to their highs after the recent pump. Bull Case: This isn’t a bull trap, and we’ll see a climb on low trading volume. Whales might hold on, waiting for interest rate cuts, or they could start selling just before the cuts. Bear Case: This is a bull trap unfolding, with fewer bulls willing to hold this price level. Fear and Greed Index: 53.61. This is a 'no trade' zone if you prefer to buy low and sell high with the highest conviction. Prediction: Undecided. Opportunities: BINANCE:AAVEUSD : At W level $128. Bullish. BINANCE:MKRUSD and BINANCE:UNIUSD : Both are holding strong W levels that predate BTC ETF demand. Bullish. BINANCE:TAOUSD : Drawing a MACD divergence on D and 1h, with the W level of $361 being rejected for the third time. Bearish.
COINBASE:BTCUSD
by EvgenCapital
Aug 24Overview: As we begin the last week of August, we might be heading into a very turbulent period. On one hand, BINANCE:BTCUSD hasn't even broken its previous bull run's all-time high when adjusted for inflation. Neither the halving nor ETF demand was enough to push crypto higher, and now we have some altcoins like BINANCE:AVAXUSD trading 30% below their January 11th BTC ETF levels. On the other hand, the FED is finally planning to cut rates on September 18th, which could potentially loosen the printing press. Remember when it was going "BRRRR"? Well, it technically never stopped—just in the form of government spending. Unfortunately, that windfall doesn’t seem to reach speculative assets. Congratulations on last week’s gains, with some coins such as COINBASE:ARBUSD , BINANCE:MATICUSD and BINANCE:AVAXUSD posting +30% gains. If you bought the dip, this is a great moment to take some profits, or at least move your SL higher. This Sunday was the first in four weeks that didn't post a red candle, as we noted in a previous letter. But it wasn’t very green either, closing with a 0.11% doji. The red candle was merely postponed to Monday morning. The U.S. Employment Report on Friday, September 7 at 8:30 am is crucial because it will provide key insights into how the recent interest rate hikes are affecting the labor market, particularly regarding rising unemployment and jobless claims. As the Federal Reserve continues its tightening policy, this report could signal whether the economy is heading toward a slowdown, which would influence future monetary policy decisions. Quick note regarding BINANCE:TONUSD On August 20th, we mentioned that it "finished drawing its 'Motive' part of Elliott's wave pattern. In about 40 hours, it might finish drawing the B wave, presenting a short opportunity that will last throughout the C wave down." Unfortunately, the market witnessed the C wave not because of Elliott's wave but due to Pavel Durov being arrested by French police the moment his plane landed. TON crashed that day by 18.40%. Although Pavel isn’t the founder of TON, he is closely affiliated with it. W: Reached BB MA. If bulls can hold the $63.1k level, there’s a chance for a 4th wave to $70k. D: Held the important bullish W level of $64k. It’s better to have that buffer between $63k and $ 64k for bulls to regroup and go on the offense again. Currently at the upper bound of BB. If the next W level of $63.1k doesn’t hold and it corrects to BB MA, it will hit the D level of $61.8k. 4h: Losing the $ 64k level early Monday morning in the U.S. 1h: MACD divergence yesterday, on the 25th at 8 pm NYC time. We are now seeing the result of that divergence. Alts Relative to BTC: Altcoins didn’t hold as well as BTC over the weekend, correcting from the heights of the pump: BINANCE:UNIUSD 10% BINANCE:SUIUSD 9.56% BINANCE:NEARUSD 8.25% Bull Case: BTC holds W levels and continues pumping with new strength toward $68.2k. Bear Case: This was a classic bull trap—one last breath, one last wave, one last pump before a free fall toward $52.2k. Fear and Greed Index: 56.2. We’ve been bouncing in the Neutral zone since May 19th with occasional and insignificant peaks into the Greed territory. However, even this chart has been drawing lower highs and lower lows. Prediction: BINANCE:BTCUSD corrects to $61.7k Opportunities, at W, 4h Divergences of Major Alts: Since BINANCE:NEARUSD broke through its W resistance of $4.38 during the recent pump, it’s very likely to return to that level, which should at least become new support. This presents an 8.62% short opportunity. BINANCE:SUIUSD has drawn a MACD bearish divergence on the D timeframe and has also just hit its W resistance level of $1. TP at $0.85, which is 10.00% away. BINANCE:TAOUSD reached its upper W resistance. Correction to D level $304 could produce a 12.51% return. BINANCE:FTMUSD is at its resistance level. There’s an opportunity to make 17% by shorting to its next W level of $0.40.
COINBASE:BTCUSD
by EvgenCapital
Aug 23Overview: Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They will likely continue trading higher next week, as BTC stays within its range." But let's break it down step by step. VANTAGE:SP500 posted a green candle, closing the week on a positive note. However, that candle was within the shadow of yesterday’s red candle, making it neutral rather than bullish. Additionally, Jerome Powell’s speech at Jackson Hole wasn't particularly dovish. It was seen as a signal that the Federal Reserve is prepared to maintain a restrictive stance on monetary policy to ensure inflation is brought under control, even if that means keeping interest rates higher for longer than the markets might prefer. BTC saw a massive $252 million in ETF flows from tradfi investors. And what did early Grayscale Trust adopters do? They sold $35.6 million worth of it. We’re left wondering how much of that $35.6 million was clients simply converting expensive GBTC into cheaper BTC fund, or if they sold for good. Unfortunately, even on-chain analytics won’t reveal that. ETH ETF? No chance... Tradfi investors don’t seem to grasp smart contracts. They sold $5.7 million worth, even during a significant BTC rally. Whales and other professional market actors are well aware that September is historically volatile and often brutal. Will they start selling and closing their positions in the last week of August, or will they wait until the first or second week of September, right before the expected interest rate cut? The big question is, do you want your portfolio to end up in a meat grinder? W: Yesterday’s BINANCE:BTCUSD wick went higher than the BB MA, but after a pullback, it settled nicely right at the precisely drawn W level of $64k. If bulls can keep it above the $63k level, we can start talking about a new bullish sentiment, but as of now, we are still in a bear market. No divergence. D: The $61.8 level was taken by bulls six times, and on the seventh attempt, they gathered enough strength. BTC rebounded after a crash, forming a nice bullish pennant. However, it has now reached the upper bound of the Bollinger Bands. Definitely not a time to go long—keep an eye on MACD or CVD divergences. 4h: RSI is above 70, but no MACD divergence yet. 1h: No divergences. Alts Relative to BTC: If BTC grew by 6%, BINANCE:APTUSD is up 9%, COINBASE:RNDRUSD is up 10%, BINANCE:NEARUSD is up 12%, and BINANCE:SUIUSD is up 20%. Is SUI gearing up to be 3rd favorite smart contract platform after SOL? Will be looking closely. Some of these started to rally 2-3 days ago. BINANCE:ETHUSD and BINANCE:SOLUSD performance was more underwhelming, posting only 5.4% and 7%, respectively. Are they so beaten up that fewer people want to touch them? Where’s the ETF crowd? Leave your thoughts in the comments. Bull Case: Bulls are able to hold the important W level in anticipation of rate cuts. Reaching that level has already happened; now it’s just a matter of staying there. If Panama, Brazil, and Paraguay announce Bitcoin as legal tender, following in the footsteps of El Salvador and the Central African Republic, this could fuel further bullish sentiment. Bear Case: The trend continues without a reversal. The Fed doesn’t cut rates quickly enough, and corporate earnings reveal weakness in consumer spending. Whales and insiders start selling and shorting in late September, causing the market to drop in October—a month historically tough for crypto (cough, cough... FTX). 2013: After a strong first half, Bitcoin saw a correction in September before resuming its rally towards the end of the year. 2017: Bitcoin experienced a notable dip in September, partly due to regulatory concerns in China. However, this was followed by a rapid recovery and an all-time high in December. 2021: After strong growth earlier in the year, September saw a decline due to regulatory fears and macroeconomic factors, although the market rebounded in Q4. Fear and Greed Index: 55.87. Remember—you only buy in 'Fear' territory, which is below 40. Prediction: We might see some altcoins grow a bit more, but overall, BTC is likely to post a Doji candle next week. Opportunities: On W and 4h charts, we continue to see many major altcoins in the RSI danger zone. Wait for Saturday’s price action and potential divergences to prepare for a Sunday sell-off.
COINBASE:BTCUSD
by EvgenCapital
Aug 22Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three times. This establishes a new range of $60.2 to $63.1, where some long positions could be taken with a properly tight stop-loss (SL). Over the last three weeks—specifically on Sunday, the 4th, 11th, and 18th—BTC has closed with red candles, highlighting the strength of the bears, who appear to be preparing for the upcoming week by selling BTC. There's no indication this week will be any different, so consider holding long positions until Sunday, then look into taking profits or even shorting. Weekly (W) : For the fourth week in a row, we’re holding the $58.2 level. Wicks are attempting to push lower, but the bulls remain strong. This still allows some room for a bullish scenario if we can break and hold the $63.1 level. However, with a potentially difficult September ahead, there's little to suggest extreme optimism towards this risky and still relatively alternative asset. No divergence observed. Daily (D): The main event on the daily timeframe is BTC’s escape from the daily range and breaking the Bollinger Bands moving average (BB MA). However, if we consider more recent daily levels, the trading range widens, and BTC has yet to break out of it, with resistance at $61.6. No divergence observed. 4-Hour (4h) : No divergence or signs of a reversal. BTC is approaching its sixth attempt to break the $61.6 resistance. 1-Hour (1h): Showed some weakness in its attempt to break and stay above $61.6, as bears activated and pushed it down. It’s now trading below the BB MA. Alts Relative to BTC: Altcoins have been pumping at twice the rate of BTC. NEAR, SUI, APT, TAO, and FTM are all up by 4-7%. This growth is expected to continue through Friday and into the weekend. Bull Case: Same as yesterday. We believe BTC has found its bottom, and once more liquidity flows into the market, possibly following an interest rate cut, BTC will rally. The combination of the last week of August, followed by a small correction, could lead to further gains. Bear Case: The economy may be in worse shape than anticipated, and even with four interest rate cuts by the end of the year, we could still be in a recession. Fear and Greed Index: Currently at 48.45, slightly lower than yesterday’s 49.59. This is surprising, given that BTC has been on the rise for the last three weeks since the crash. Prediction: Expect growth in the last week of August, followed by a slump in the first two weeks of September, and then a downturn. Opportunities: On the weekly (W) and 4-hour (4h) charts, watch for divergences in major alts like BINANCE:NEARUSDT NEAR, BINANCE:APTUSDT APT, BINANCE:ARUSDT AR, $BINANCE:RNDRUSDT RNDR, BINANCE:TAOUSDT TAO, and BINANCE:FTMUSDT FTM. All have RSI above 70. Wait for Friday to see if MACD divergences emerge as this initial push weakens and they approach weekly resistance levels.
COINBASE:BTCUSD
by EvgenCapital
Trade Setup: NEAR Long PositionMarket Context: NEAR is consolidating at support, offering a potential opportunity for a long trade if the support level holds. Trade Setup: Entry: Long spot trade at around $3.85. Take Profit: First target: Top of the range support at $4.45 Second target: $5.35 - $5.90 Third target: $6.50 - $7.00 Stop Loss: Just below $3.50. 📊 Manage risk carefully, and monitor price action for confirmation of support holding. #NEAR #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
Aug 19 and week's overview.Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable. Global Liquidity: Growing, which is bullish. Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness. Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline. Weekly: Range trading with no divergence. Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move. 4h: No significant changes or divergences. 1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity. Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis. Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash. Bear Case: Swing traders may turn bearish and start selling off. Fear and Greed Index: Rising, currently at 46.14 since August 16th. Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%. Opportunities: AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain. UPCOM:FTM : Has reached its weekly resistance at $0.4. Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital