Simple and easy idea,
Pullback to daily strucutre. - Could be seen if you zoom out -
Due to the high risk on the first touch, I am going with ~%0.5 risk factor.
NEAR / BTC
just broke descending channel pattern
If bulls keep pushing and hold the price above trendline resistance the next potential target will be around 700 sats lr more
If bulls lost and price return into channel again and break horizontal support below (red color) it will find a new bottom
Please have a plan before trading
Good luck
Near is looking great short term, however on the 1day chart it clearly shows consolidation. I would Hold off about a week and wait until the volume pushes us over the first yellow arrow (25 day moving average line and SSL Chanel line) Once it completes this and or Hits 0.0000377 Feel free to go ahead and throw your stack in ;) I think Near is a solid project with...
What Is Near Protocol (NEAR)?
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
- Fees for processing transactions and storing data.
-...
NEARBTC Is trying to flip daily resistance to daily support.
IF the price will close above the structure, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow...
💎Technical Analysis Summary💎
BINANCE: NEARBTC
-NEAR broke its consolidation range and the direction is downward
-This is a confirmation of a Bearish flag pattern
-The initial downside target is around 550s sat area
-Watch for price reaction if the NEAR reaches that zone
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel ...
