NEARUSDT
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 Protocol ;Ethereum competitor — near/usdt analysis📊Hello Crypto community Welcome today, to introduce another crypto project with high potential.🚀💰
🔹Rank #18,/ kind : coin \\ Market Cap:$10,593,006,633\\ Fully Diluted Market Cap: $15,709,080,843
Max Supply: 1,000,000,0000 /Total Supply: 1,000,000,000/// Circulating Supply:674,323,771.00 NEAR (67% )====> ✅
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.org-Coinarketcap
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📊Technical
As you can see on the WEEKLY timeframe for NEAR/USDT ,Since OCT 2020 It has been advancing in rising channel, and it succeeded to record an ATH about ~$20.60 , and recently after 6 weekly candle , it attempted to attack previous High but wasn't successful and struggling with the resistances(pivot) zone . past candlestick was a Bearish Harami and recently printed a Doji candle witch shows uncertainty between buyer and seller , so today the price can decline if it not be able to go above the current pivot zone and can drop on lower support zone . and it there the buyer can support it again , but if loses that zone can fall more on the lower support or on the lower trendline of channel. but otherwise if it be able to overtake the pivot zone it can rise more and even toch the upper-band of channel in the short-term.
🛑resistance level: $15.77-$16.87/ Ascending trendline
❇️support levels: $10.22-11.45///$5.44-6.13//2.5-3.3///ascending trendline
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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AND it's still going UP!?!Hello everyone
In the past couple of days (10-12) NEARUSDT been accumulating between 17.50$ and 15.50 in daily and we had a spike in price eve of Apr 07.
Anyway in higher time frames, It IS still going up, and investors may still hold on to what they have, but in lower time frames ( day trading and scalping) , I have been buying on 15.55$ and selling (and shorting) on 17.50$, and it worked for me.
Considering that the price keeps making higher lows, investing in this asset might be a good option (this is my opinion and not a financial suggestion).
For now, we have a hanging man pattern on Apr 14 and had a pretty good bear channel in 4 hours time frame, and a head and shoulder pattern.
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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NEAR\USDTReach the resistance zone , which results in a cp at 2h.
Breaking the trend line and and reversal trend to bearish trend.
Create a pattern of 3 drives that represent the demand out of the market.
Create a new LH.
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From another perspective, create a head and shoulder pattern
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Analyzed by Sadegh Azizi from @cafe_trade
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