NEAR: More Price Decline is Expected
Technical Analysis:
In the daily chart the price broke out from a key support area.
This was the first important confirmation for the bears to join the party.
We can see NEAR testing the broken support zone 5.98 - 6.30 which is turned in a key resistance zone.
The bearish volume should increase more once the price will be...
Hello traders, BINANCE:NEARUSDT I have determined the formation target on the chart. I wish everyone success.
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I was expecting this drop at the beginning of the month but market always finds a way to surprise us in every way I guess.
Now we have a good price region to add into NEAR spot positions.
Today, we'll talk about the prospects for #NEARUSDT price movement
The last time we wrote a medium-term forecast for Near's price movement was 4 months ago.
The forecast was $3.70 ↘️$2.50 ️↗️ $10, and the current high was $9
Come on, admit it, who started selling AMEX:NEAR before the target ?)
When the correction began, we made an estimate of where it...
Desciption chart setup:
- Possible short formed W (RSI trendbreak confirmed 4h)
- Descending triangle formation for a possible wave 4 (Retracement fib target reached 0.382)
- Target box laid out in chart
BINANCE:NEARUSDT is literally the only coin out of the top 25 alts that hasn't made huge boom since alt surge and I am remembering the saying that "still waters runs deep"
There's volume, there's liquidity for grab at the two almost equal highs (double top) at $20 region. Also a complete strong bullish reversal sign on the weekly relative strength index (RSI)...
The price of NEAR has managed to break through a significant resistance observed at the last peak of the downward trend, entering an upward trend phase.
By reaching a specific area marked in green, not only has this level been breached, but it seems that the price is stabilizing at this new level.
The existing bearish candles, which are considered a pullback, will...
Near created a range here and i have 2 scenarios. First, we can enter back to our range by making deviation. Secondly, we can retest to RL and drop to the lower levels. Lower levels can create better opportunities instead of taking risks here.
Near has more utility than BTC. Currently top
20 Cryptos with a megaCap of 5.3 Billion. it will rise quickly. 4 targets listed
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Near usdt analysis
Daily time frame
We can see 2 bottom pattern so I guess 9 BME:IS my first target
Bace on extended fibonachy 13 BME:IS my second target
