NEAR ThoughtsCurious to see how this plays out. Heres my thoughts for the moment. Extended my initial top out area from $35ish.
This is purely speculation on my part.
NEARUSD trade ideas
NEARUSD in descending triangleHi traders,
The price is in a downward trend according to the pattern. When the price reaches the horizontal support line of the triangle, I expect a downfall.
Enter short once the price breaks the support or if we get a bearish retest
Target is shown on the chart
NEAR Price Surge: Poised for Liftoff !Confluence of Bullish Harmonic pattern and Elliot wave correction completion. We're done with the correction. Expect an explosive move up which would trigger an uptrend. Use good money management and take your profits off the table as Whales will manipulate.
NEAR updated demands, strong bounceNear had a very strong bounce this weekend after the major altcoin crash. I updated a weekly demand, weeklys are MUCH stronger supportive ranges than dailies. You have to switch to weeklys when the market dies this badly short-term. The teal momentum trend line is right above this important zone. We have already seen a wick into this demand, that could be it, did you buy the dip, I know I did.
-My very long-term target for NEAR is 60$, I predict it to be one of the major winners this cycle.
BUY NEAR NOW!!! THIS IS THE LOWEST IT WILL GET!FINALLY! After waiting for so long, It has finally reached the area of interest for higher prices! I full ported this in, holding for the long term!!! This is the one! It can possibly go lower, but the perfection in between the lines is absolutely insane! Looking for higher highs from here on!! Get ready for the Halving!
NEAR: on it's way to ATH?NEAR appears to be breaking out. A couple of zigzags are likely as NEAR manouvers through various FIBs but ATH is in sight!
Near Protocol (NEAR)/USD - Bullish Breakout!Coin Name: Near Protocol/USD (NEAR)
NEAR Protocol (NEAR) has successfully broken out from a: £Descending Channel" pattern on the 4-hour timeframe. This breakout, is typically considered a bullish signal! The pattern suggests a potential trend reversal from bearish to bullish.
If bulls can maintain heat a breakout to the upside to "$7.44" will happen very soon and likely retest the Resistance target zone at: "8.08"
Line of Support= $6.42🟢
Line of Resistance $7.44🔴
🌟Target= $8.08🎯
Major Resistance= $8.59❌
NEAR Buy Alert!! 50% - 100% GAIN!! (easy to understandNEAR Protocol is like a special computer system that helps people create and use decentralized apps (dApps) without some of the usual problems that come with blockchain technology.
Here's how it works:
1. Staying Secure with PoS : Instead of using lots of energy like traditional blockchains, NEAR uses a Proof-of-Stake (PoS) system to keep everything safe. This means people who own NEAR tokens help make sure transactions are legitimate and secure by staking their tokens.
2. Getting Faster with Sharding : NEAR breaks down its work into smaller parts called shards. This helps speed up transactions because different parts of the network can work on different tasks at the same time.
3. Quick Confirmations with Doomslug : NEAR has a cool system called Doomslug that quickly finalizes transactions. This means you don't have to wait long to make sure your transaction went through.
4. Talking to Other Blockchains with Rainbow Bridge : NEAR can talk to other blockchains thanks to Rainbow Bridge. It's like a bridge between NEAR and other networks, making it easy to share information and assets.
5. Growing Big with Aurora : Aurora helps NEAR handle lots of users and transactions without slowing down. It's like adding extra power to make sure everything runs smoothly as more people use NEAR.
6. Balancing Speed, Safety, and Decentralization : NEAR makes sure its network is fast, secure, and decentralized all at once. This is important because usually, you have to sacrifice one of these things to improve the others, but NEAR finds a way to balance them all.
7. Easy-to-Remember Account Names and Safety Features : NEAR makes it easy for people to use by giving accounts names that are easy to remember. Plus, it has extra safety features like multiple access keys to keep your stuff secure.
8. Using Smart Contracts and Gas : NEAR supports smart contracts, which are like self-executing contracts that automatically do what they're programmed to do. When you do things on NEAR, like sending tokens or running smart contracts, you pay a small fee called gas. This helps keep the network running smoothly.
9. Paras: A Cool Example : Paras is a digital card marketplace built on NEAR. It lets artists and collectors buy, sell, and verify digital collectible cards easily and securely. It's just one example of what you can do with NEAR.
Here are the recent events they are doing:
NEAR Protocol is rolling out a groundbreaking feature that makes it easier for users to interact with multiple blockchains using a single account. This feature, called Chain Signatures, lets users sign transactions on one blockchain using their NEAR account from another blockchain.
What's unique about Chain Signatures is that it's powered by a decentralized multi-party computation (MPC) network and secured by NEAR's validators. This means users can seamlessly access and interact with various blockchains, including Ethereum, Cosmos, Dogecoin, Bitcoin, and XRP Ledger, with plans for support for additional chains like Solana and Polkadot in the works.
One key aspect of Chain Signatures is its "Multichain Gas Relayer" feature, which removes the need for users to have the native gas token of another blockchain for transactions. Instead, users can use NEAR tokens to cover gas fees across any supported chain, making transactions more convenient and cost-effective.
This development opens up new possibilities for decentralized finance (DeFi) on non-smart contract chains like Bitcoin. Developers can now easily create DeFi products that utilize assets from different blockchains without the need for complex bridging mechanisms.
Currently operational on NEAR's testnet, Chain Signatures is expected to roll out on the mainnet by early May, offering users a seamless and efficient way to navigate the multi-chain ecosystem.
Despite these advancements, NEAR has faced some organizational changes, including a reduction in workforce and the departure of its CEO. However, the project continues to make strides in improving user experience and expanding its ecosystem.
Summary :
NEAR Protocol's Chain Signatures feature makes it easy for users to use their NEAR account across different blockchains. It saves users from managing multiple accounts and lets them pay transaction fees using NEAR tokens, simplifying the process. This feature also empowers developers to create innovative cross-chain applications and ensures transactions are secure and reliable. Overall, Chain Signatures set NEAR apart by offering seamless interaction between blockchains, making blockchain technology more accessible and user-friendly.
Analysis:
I expect NEAR's price to drop between two specific lines as the Bitcoin halving approaches. This dip could be a good opportunity to buy at a discounted price. After that, I'm aiming for NEAR to hit a new all-time high, potentially making a profit of 57% to 98%. This movement might attract interest from big investors or institutions, leading to more trading activity and higher prices. I'm looking for NEAR's price to consolidate or gather liquidity before making a move to higher prices.
Near deeper in demandThis is the dip I have been waiting for. Near is back into demand buy in a deeper sense. I have decided with my colleague to sell our link holdings and start averaging into our mighty three here. Near seems the most attractive buy of the three demand wise with 5.7 as the local demand floor.
NEAR a very strong bounce off demandNEAR bounced right off this daily local demand zone with ease as the hype continues. BTC looks to not care much about the recent dip and maybe we wont get as big a correction as usual due to the supply shock and ETF.
-My short-term target is a retest of 8.5$
-Medium term 11$
-NEAR is one of my mighty 3 that I take profits from more speculative alts into
NEAR LongAlt season is NEAR
Near is currently on a weekly confirmation of its recent breakout. So bullish right now.
Near in demandNEAR remains in the demand zone and offers a great long-term averaging in area for those who are interested. This layer-1 data structured token carries a lot of ai hype with it. A Solana competitor that fights for the same developer base, a true dark horse. I am waiting for the BTC flush out before the halving to really hammer these, but I have been adding within this local demand.
-If the market turns bullish I expect a retest of 8$.
-Pre-halving correction could see a dump to 4.5 on wicks
NEARUSD Ready to TakeoffThe minimum ascent of the yellow area
If it becomes impulsive, 5 paths can be imagined.
Near protocol range playLong an and short range play. Scalp. Near was on its way to hit a higher high right before the bitcoin dump most recently it pulled back 20%. The idea is to long 6-7$ to 10-11$ (short 10 back to 7).
NEAR Short OpportunityLooking at this chart, seems like price wants to reach lower, opportunity to sell short is now. Stop would be @ $8, profit targets would be @ interests. I think it can go s bit lower than the $5 but always take partials along the way. If you have 3, just take one out for each.
You can look for retracements, ill keep and eye out on this coin.
Buying:
If price does reach $4-$5 dollars a coin, I would definitely buy a lot more in that area. Ofc thars myself, please be cautious.
Updated Near buy zonesI have not gotten to use demand zones for a while since the market has been so hot. Near is a token I have decided I want a larger position in, with that said the red ray dots is the start of averaging in more. I added a full demand box as well.
Speculative C&H Pattern on the weekly NEAR chart. Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this now so I can watch the fun weeks-months from now by clicking play and see how well it plays out *not financial advice*
NEARUSDTIs NEARUSDT exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 5.500
What you guys think of it?
NEAR near breakout to $7 :-)Check the chart my friend, NEAR is about to move to $7 and make investors happy :-) Let's see if it plays out.
Bull flag on near in bullish marketBull flag forming on the 4 hour on near as this token and many data interfaces/ai tokens pump. I have been in near for over a year now staked and earning aurora tokens in their specific pool. The brighter green dashed line is the projection of the flag. The darker green is my prior short-term price target based on historic price action on the weekly chart.
