NEAR
How has BTC dominance affected ALTs? 1 month after publication!
A month ago the idea "BTC.D, dominance is going down! Is ALTSEASON coming soon?" was published. The price (%) began to fall after leaving the channel and testing it as resistance.
What is dominance? Bitcoin dominance is the ratio of the capitalization of the major cryptocurrency (BTC) to the total capitalization of cryptocurrencies. Simply put, % of Bitcoin's capitalization in the TOTAL capitalization of the crypto market (Bitcoin+Altcoins). Now it`s 42%.
When Bitcoin dominance falls, 99% of altcoins start to grow. This is also called an altseason . The longest altseasons with 10-100x for ALT`s happen during the end of Bitcoin bull market (2017, 2021), but during temporary corrections like this small altseasons also happen.
In one month, Bitcoin rose by 16% to $48,000. We see that 3/4 of altcoins have grown more than Bitcoin:
1. Cardano (ADA) +35%
2. Dogecoin (DOGE) +50%
3. Near Protocol (NEAR) +82%
4. Only BNB have grown as well as BTC +16%!
That's why it's important to pay attention to Bitcoin's dominance (BTC.D). It can be an additional indicator to open a trade!
Did you use our tip a month ago? Write in the comments, it's interesting to know.
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
#NEAR/USDT 4HOUR UPDATE BY CRYPTOSANDERS Hello community members welcome to the NEAR/USDT 4hr chart analysis by CRYPTOSANDERS
I have tried my best to bring the best possible outcome to this chart.
As we can see from the above-mentioned chart that NEAR/USDT broke the triangle pattern and retested well.
According to the current scenario, it can move up by almost 30% from the green zone which is also a support zone.
So, here we can take a long position for some short-term profit gains.
Entry:- $15.566,$16.090
Traget:- 30%
Stoploss:- $14.950
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
NEARUSDT 1D Near protocol, possible x3 rise for 3 months?Today, we bring to your attention the analysis and possible medium-term trade of the pair Nearusdt
In recent times, a lot of news has been circulating around the Near protocol, some of them official, and some at the level of rumors or conjectures. But we here are not for this, we are translating into text what we see on the chart.
On the chart, we see increased trade turnover, which means the interest and struggle of buyers and sellers at key levels. In general, today, Near is in the top 10 in terms of trade volume around the all crypt , a worthy result to offer a medium-term trade.
We set up a procurement area of $14.10-14.80 for ourselves. Tonight the minimum was $14.70. At the moment - there is still the possibility of falling the price in the desired area of purchase.
Fixing the price NEARUSD above $16.30 will mean that the price movement has begun.
As can be seen from the history of trading in the area of $13 traded mirror level , which at one time skillfully alternately played the role of support and resistance.
Therefore, it is logical to place the stop below $13.
In this trade, we see three logical take profits, and each individual will be able to choose a comfortable trade for themselves.
In summary, we obtain the following initial data for the trade:
The entrance area to the long - $14.10-14.80
Stop - $12.99
TP1 - $20.60
TP2 - $28.60
TP3 - $41.40-42.00
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NEAR is close to possible capitulationPossible capitulation if price penetrates trendline to the downside. If it does and holds below trendline, either go short as soon as it closes below trendline for aggressive trade or wait for retest of trendline. Stop loss is tricky here since right shoulder and lower trendline spans 16%+, but I'll set it at $15.97, a middle point between upper and lower trendline.
Head and Shoulders pattern on NEARUSDTBased on technical factors (Head and shoulders) there is a short position in :
📊 NEARUSDT
🔴 Short Now 15.900
🧯 Stop loss 18.000
🏹 Target 1 14.000
🏹 Target 2 12.000
🏹 Target 3 10.100
💸Capital : 1%
We hope it is profitable for you ❤️
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ALGO: the falling wedge BREAKOUT! Short review!Algorand (ALGO) is in a big falling wedge. This pattern is more likely to break UP, so we will consider a bullish scenario.
The squeeze under the trend line will be the main trigger for opening long positions. On the lower timeframes a breakout of the local trend line is also an additional bullish signal. Consolidation before a breakdown is necessary, as a major player needs to accumulate ALGO.
Targets:
1. $1,33-1,42
2. $1,73-1,88
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.