Near Protocol Swing Update - Near Protocol is currently trading at 5.3$
- Near printed 52% from my previous call out and now I believe the time has come when we can see it retracing back to the Bullish Fair Value Gap drawn
- The pump and the move were quite impulsive and if you didn't catch it at its base there is no point in catching it this late
- If you are interested in buying Near then it is better you wait for conservative entries and wait for the FVG to get filled first
- Till then sit at the sidelines
NEARUSDT
Near Protocol Swing Trade Setup- Near Protocol is currently trading at 4.5$
- Near can soon purge 6$ and above if you have a decent time horizon
- Near Protocol can present a very good entry if we see it retracing back to 4$
- Bullish Oblock present at 4-4.1$
- Refine your entry location and see the change in your trading
- Money is actually made by sitting and not trading wait for the market to present you an entry
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.
Is NEARUSDT Setting Up for a Breakout? Key Levels to Watch Now!Yello, Paradisers! 🚨 Are we about to witness a major bullish move on NEARUSDT? The falling wedge pattern that has formed is signaling a potential breakout, but there are key signs to watch out for before making any moves.
💎If NEARUSDT approaches the support zone and shows bullish signs, followed by a breakout from the falling wedge, the chances of an upward surge become much stronger. Confirmation will be crucial—look for signs like:
💎Change of Character (CHoCH) towards a bullish market structure
💎Bullish candlestick patterns, such as the Morning Star or Bullish Engulfing, to further stack the odds in our favor
💎But, let’s keep our feet on the ground. If the price falls and closes a candle below the support zone, it invalidates the bullish setup, and we'll need to reassess our strategy.
🎖At MyCryptoParadise, we always wait for the highest probability trading opportunities. Patience, discipline, and strategic planning are key to making it in this game long-term. Play it smart, Paradisers! Keep an eye on the charts, and don’t jump the gun.
MyCryptoParadise
iFeel the success🌴
NEAR/USDT: Bullish Shark Pattern Signals a Potential 60% Upside#NEAR/USDT has formed a bullish shark pattern & the RSI (Relative Strength Index) is currently in the oversold area, suggesting that for a rebound.
Currently, NEAR is standing at a bullish support trend line, which further reinforces the potential for an upward move. Given these strong technical signals to deliver a 60% profit.
#NEAR/USDT Set to Plunge? Key Factors to Watch#NEAR/USDT situation, focusing on the potential retest levels due to the formation of a bearish shark pattern:
#NEAR/USDT Analysis: Bearish Shark Pattern Indicates Potential Retest Levels
#Bearish Shark Pattern
The bearish shark pattern is a harmonic pattern that signals a potential reversal or correction in the price of an asset. This pattern consists of five points labeled as O, X, A, B, and C, and follows specific Fibonacci retracement and extension levels.
For #NEAR/USDT, the formation of a bearish shark pattern suggests that the price is likely to face resistance and could be due for a retest at lower support levels. This pattern, combined with other technical indicators, can help identify potential price targets for the retest.
### Potential Retest Levels
Given the bearish shark pattern, NEAR/USDT might retest certain key support levels:
1. **Scenario 1: Retest Around $8.50**
- This level has previously acted as a significant support and resistance zone. If NEAR/USDT retraces, it is likely to find initial support around $8.50. If the price holds at this level, it could lead to a temporary bounce or consolidation. However, if the bearish momentum persists, the price may continue to decline further.
2. **Scenario 2: Retest Around $7.40**
- If the $8.50 support level does not hold, the next critical support level to watch is around $7.40. This level has historical significance and could act as a stronger support. A retest at this level would be crucial in determining whether NEAR/USDT will stabilize or continue its downward trend.
#Conclusion
NEAR/USDT is currently showing signs of potential weakness with the formation of a bearish shark pattern. Traders should be prepared for possible retests at $8.50 and $7.40. Monitoring key technical indicators and market sentiment will be crucial for making informed trading decisions during this period.
NEAR: Bullish Momentum Building with Inverse H & S🚀💎 Paradisers, #NEAR has formed an inverse head and shoulders pattern, enhancing the probability of a bullish move.
💎 Price action has shown a Change of Character (CHoCH) and a Break of Structure (BOS) in lower timeframes. You can observe that #NEARUSDT has also bounced from the Fair Value Gap (FVG) zone, and currently, the price has shown an FVG, so we can expect a bounce from these levels. Be cautious here; there is also a bullish Order Block (OB) and a supportive trendline aiding the bulls, so considering stop losses here would be logical.
💎 For confirmation of the inverse head and shoulders, we need a breakout and a candle closing above the resistance zone.
💎 However, if the price shows a fall or panic selling and breaks down below the bullish OB and supportive trendline, it will invalidate the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
Breaking Down the Bullish Momentum: #NEAR/USDT's Recovery RallyIn the volatile world of cryptocurrency trading, #NEAR/USDT has recently found a lifeline in the form of trend line support. As it bounces from this crucial level, investors are closely watching its next moves. The chart suggests two possible scenarios: a retest at $7.43 or a potential climb towards $7.80.
The current bounce from trend line support underscores the resilience of #NEAR/USDT amidst market fluctuations. Traders are weighing various factors, including market sentiment, volume dynamics, and broader cryptocurrency trends, to gauge the likelihood of each potential outcome.
A retest at $7.43 would validate the strength of the support level and could serve as a springboard for further upward movement. Conversely, a push towards $7.80 would signal renewed bullish momentum and could attract more buying interest.
As traders monitor these price levels, they remain vigilant for any signs of breakout or reversal. Risk management strategies are essential in navigating the uncertainty of cryptocurrency markets, ensuring traders are prepared for all eventualities.
Right on Bullish Fair Value Gap | Long BiasPrevious post on day timeframe
This post on 4H TF
First, BINANCE:NEARUSDT is right on Bullish Fair Value Gap and Horizontal Support
So I think this is good zone to buy NEAR for next bullish
I see two chance to buy that
1. More risk: buy now and stoploss below $2.03
2. Safer: Wait for breakout and retest $3 then can join
Wait for next move and DYOR before you trade. This post is not advice for anyone.
NEAR Big move depends on BTCNEAR is in a very good and initial zone to get into.
Still the BTC upper movement is totally dependent on market structure right now, rather than the char analysis.
I have shared my BTC chart analysis too, in my previous idea. But the movement depends on capturing the resistance bar.
After capturing the resistance bar if the uptrend continues, it will very good for Near.
I think 2-2.3 is a good range for Buy .
If long, the manage the SL, as there had been no wick in past 2-3 months. So SL is a must.
near price prediction for Septemberday frame - 1D
support 3 $ - 3.5$ range
local resistance - 4.2-4.656 $
Other resistance - 5$ and final big one 6$
Btc price of 20k$ near is still strong so a rise in BTC will push near up for sure
The Merge is another bullish thing that will try to pump the market. My thoughts are the market will approach to 23k $ again during the merge ie 17 Sep and than will sell the news will happen and it will fall. As a result, the near monthly price can shoot upto 5.8 $ in September and fell back to low as 3$. So my price prediction for the month end will be in bw of these two and that will be 4.978$.
My monthly price prediction will be 4.978 $
NEAR PRICE PREDICTIONWe all are still in the bear market no volume in market, no big relief relies in $BTC, BTC still trying to break 24k $ clean.
Small 10% pump and days of the red market.
And thus I think BTC will approach to 13k $ in august and near 3$ and low
Hence my price prediction for $NEAR is 3.09 $ august end price
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$ .
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 $
NEAR PRICE PREDICTION Taking the daily frame you will notice a support zone at the 2.6 - 3 $ region, now
since when we have fall down from 5$ we never reached close to it
we go to 4.7 or 4.8 and fall back to the support zone of 3 - 3.6 $
And i personally think the same will happen in august as it is happening in a bear market for long
we will be revolving bw 3 to 5 $ and we will end the month close to 4$
And thus my price prediction for the end of august is 4$ .