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NEARUSD

NEAR/USDT: Head and Shoulders Pattern on 1-Hour TimeframeCurrently, NEAR/USD is forming a head and shoulders pattern on the 1-hour chart. If this pattern plays out, we could see a decline toward the lower trendline of the ongoing falling wedge. Additionally, a smaller head and shoulders pattern is unfolding, with a potential target range of $3.90-$3.80. A robust support level is present around $3.80. It is important to note that today's Federal Reserve rate decision could lead to a market pump, which may invalidate the current head and shoulders patterns. Therefore, exercising patience and awaiting confirmation is essential for successful trading. Please remember, this analysis is for informational purposes only and does not constitute financial advice. Trade at your own risk.
by utkarshx27
📚Learn More💰Earn More - Inverse Head and Shoulders in NEARUSD📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end. When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal. The pattern is confirmed once the price breaches the neckline resistance. In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY : we put an entry order above the neckline. TARGET : We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in NEARUSD @NEARProtocolTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4.749). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEARUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 5.198 TP2= @ 5.631 TP3= @ 6.497 TP4= @ 7.628 TP5= @ 8.877 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
NEAR PRICE PREDICTIONHello everyone welcome to another analysis of mine look at the chart carefully 1st we were in downtrend from almost ath and it continued till we reached low of 2.6 $ since than we are moving sideways , there are small up trends forming in the way but they are unable to continue for a long time and as a result we are dancing bw 3 to 4.5 again and again So now if we see the condition EMA 50 is acting as a good resistance and if we have to go to say 10 $ we need to make that resistance support . The 4.3 - 4.7 $ region is continuously pushing us backwards . If we look at EMA 100 which is at 5.83 $ that will be the max price in upcoming weeks or a month ( august month ) since btc is looking strong from past days and is in mood to approach 28k $ mark . Thus taking everything in mind my month price prediction for august will be a soldi 5$ .
by sujeetji786
NEAR AUGUST PREDICTIONFrame - 4h will be trying to predict the price for Aug 31 So we have A major local resistance at 4.6 $ only if we will be able to flip it and be above it for continuously days than only we can go to 5 , 6 or 10 but there is a lot of fear in the market and very low volume and thus people keeps on selling whenever it reaches that price marks and its the same story again and agian. Now if you will look at the trend lines I had drawn you will find that each time it gets a pump from the support of 3.6 $ goes to 4.6 and same story And thus My price prediction for the august end is 3.586 $
by iamcooldude69
2
💡Don't miss the great buy opportunity in NEARUSD @NEARProtocolTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (10.210). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEARUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 10.742 TP2= @ 11.268 TP3= @ 11.953 TP4= @ 12.831 TP5= @ 13.591 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in NEARUSD @NEARProtocolTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (10.219). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEARUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 49. Take Profits: TP1= @ 11.928 TP2= @ 13.949 TP3= @ 16.236 TP4= @ 18.132 TP5= @ 20.291 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4