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NEAR

NEAR - trading near the fibsNEAR has one of the cleanest trading setups currently using fib retracement. It is considered quite resilient during the entire macro panic dump - didn't test the 0.5 at all, on the 4hr candle it was a wick which closed above the 0.618 levels, which was a good bounce level for another 2 times during the retracement and held to $10 quite closely. I am using the futures chart from the app of bybit.com as my other charts are clogged with many old drawings. Trading plan - 3 scenarios Very bullish - 30% Currently it has just broken through the old ATH, hit an old resistance level and rejected into a supply zone (thanks to BTC’s volatility). Currently trading at 12.6 levels. While waiting for the NFP news on friday to kick in, You can buy some here now if you believe the old resistance will turn into support, wait for a upwards trend towards the old resistance at 13.85 and 15.96. The overhead targets are ATH (~$20) and then the 2.618 fib (23.6) then 3.615 (30.35). Ideally, you would be adding on 5-10% pullbacks from fib or resistance rejections during the uptrend once the pattern plays out e.g. if rejected off 1.618 fib off (~$17), you can set bids at ~$16 levels but beware of being front-runned as whole numbers are key psychological level other traders would bid on. TLDR add on 5-10% pullbacks Conservative bullish - 50% Best move to increase your risk:reward and expect a crab market for another 2 weeks as things might be too heated with BTC's 5k candles printing daily - you want to be buying when there isn't hype and where Fear and Greed Index prints lower numbers (thanks BTC). Buying near the 0.786 fib = DCA buying at ~$11.4. Expecting sideways bounce between the fib levels 0.786 and 1 or the supply zone, with a hopeful wick towards 0.618/$10.2 (set a bid there) to shakeout and trigger stop losses before heading higher. Targets overhead are within the month of Feb and possibly March: 13.8, 15.9, 17 (1.618 fib) and then ATH of $20.2. TLDR load up on retracements towards the 0.5-0.786 fibs Bearish - 20% Somehow you are convinced BTC has not bottomed and will head towards 24k (20k is for bitboy believers kekk). This would mean current levels are a fake out and would reverse down. At this point you might believe BTC 38.5k to be the higher low to be formed. I took the liberty of drawing a line down from near ATH to current weekly high of 13.8 to see the immediate resistance trendline we need to overcome. A dump would probably set us back to lower fib levels at prices of $11.4 and $10.2, which is near a nice round number $10 where more bids would be filled. Would expect the resistance trendline to hold and then send it lower to 0.382 levels (8.7) and finally 6.36 (old support level). Strategy would be simply short on touches with trendline or higher fib levels (sell high, buy low) As you can see the trading plan is very fib and TA driven + we have such a clean chart despite all the noise recently. You can learn more via learn.bybit.com to know what the levels mean as each number has certain significance in both bearish and bullish cases.
by Zyale
💡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_World
7
💡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
4
$NEAR, easy invalidation on an asset with relative strengthYour job as a trader is to find assets with RELATIVE STRENGTH to this downward trend (if you're long). $NEAR fits that description, for a simple reason: It's at support on the OBV, right above the daily MA200 and the MA200 is pointing up. This means that not only is the asset still bullish, it also has a significant edge in your favor: EASY INVALIDATION OF A CLOSE BELOW THE MA200. Thought to find these opportunities in this market. This is a gift. Enjoy!
Long
by Enigma_Fund
1
💡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_World
7
💡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
7
NEAR PROTOCOL (Request)- i never analyzed this project but i knew about it. ( i didn't get selected for the presale on Coinlist, no luck..) What Is NEAR Protocol (NEAR)? NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.” - Near is a mega bullish coin and a strong project, that said, i never buy a fomo and my strategy is always to catch a dip to maximize my profits. - Near Protocol touched 20$ (Round Number in people's brain) - i could be wrong on this analysis as this project is very bullish. --------------------------- Trading Plan --------------------------- Buy Zone : 11$ Rebuy Zone : 9$ TP : 28$ ish --------------------------- No need SL --------------------------- Happy Tr4Ding !
Long
by thecryer
15
NEARUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. The price is at the support zone. We expect it to move up to the R1 line which has rejected the price several times. You can save profit at the R1 line. If R1 is broken, you can set a Buy order after the pullback. If S1 is lost, it will fall lower. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
8