NEARUSDT trade ideas
NEAR/USDT is on the Verge for a Bullish Rally | Near Analysis💎 NEARUSDT is on the cusp of breaking free from its descending channel, signaling a potential bullish ascent.
💎 Alongside this potential breakout, there's an imminent crossover with the 50 EMA. Should the price remain above this EMA, it could pave the way for a rewarding trade.
💎 NEAR is approaching a pullback zone for a retest. If this support falters, the downward trend might persist.
💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
NEARUSDTHello Traders,
The current condition of the NEARUSDT pair at its 4-hour support
you can long position.
but has not bounced back or retested the area.
there is potential to make a falling wedge but a lot of noise for this pair
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NEAR S&R>>>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
As we can see,
NEAR is in important area's for market decition for support or sell's. and we can wait for price reaction to take a position at next.
All important area's in short-mid term marked on the chart.
It's Not a financial advise.
PLZ DYOR
With hopping success
Embrace the PossibilitiesDuring the past month, NEAR has shown a range-bound trend, with its current price trading around $1.39. Notably, the roof of the main descending channel has now turned into a temporary support after being breached. Additionally, the price has encountered resistance around $1.35, preventing it from declining on two occasions. There is a possibility of a twin bottom pattern forming within this range, but confirmation would require the price to rebound above $1.40.
There is potential for a retest of the range channel's upper boundary. The currency's critical support level lies in the range of $1.23 to $1.19, and if the price returns to this range, we can anticipate a positive reaction.
The RSI level for NEAR is at 48, indicating a relatively balanced state between buyers and sellers, with the price neither strongly overbought nor oversold.