NEAR/USDT FREE ANALYSIS The Altcoin Star of the Year?! - | MyCryptoParadise.com
NEAR/USDT FREE ANALYSIS
The Altcoin Star of the Year?!
- Yello, ladies and gents
NEAR Protocol, the operating system for an open web, is a project with immense strength and potential. The token behind this project, #NEAR, is currently looking technically so promising that we felt the need to analyze it publicly for you, ParadiseClub members
But first, let's understand the environment around mid-cap altcoins right now. Analyzing certain indexes can significantly increase your probabilities when trying to understand the next price development of any crypto. Right now, the index TOTAL3, which shows Crypto Total Market Cap Exclude BTC & ETH, indicates that we are on the verge of a breakout and ready to rise to a $440 bln cap. This creates a favorable bullish enviroment for the NEAR coin.
As you can see on the chart below, NEAR recently broke out from the bullish falling wedge pattern. The price also overcame the previous LTF level of resistance, flipping it into a support and confirming the double bottom formation. The structure of the 2nd low is also similar to the previous low made in December 2022. This fractal pattern significantly increases the probabilities of the trend continuation. Together with the negative perpetual funding NEAR currently has, liquidating the short position orders should help the price to move exponentially in the medium time frame, making NEAR a great coin for us to consider buying.
From a lower time frame perspective, we can expect NEAR to have a final slight correction into the Support Zone, retesting a few MAs there, confirming the trend, while grabbing more liquidity to push the price up later on easily. Once the move starts with enough volume breaking out, our final target is around 69% higher from the support zone as you can see on the chart above.
Moreover, as you already know from our FREE news channel - NEAR Foundation and Alibaba Cloud are collaborating to boost Web3 Development in Asia, which definitely helps to boost the value of this project right now.
With ParadiseFamilyVIPs, we are looking to get into this trade as soon as possible, waiting just for a few more confirmations to make this trade as safe as possible, while keeping the R/R as best as possible as well
If you want to take even more advantage of our work, you definitely want to be in our FREE result channel. We share with you there when we will take our profits on NEAR and other trades. This will benefit you amazingly because you can use it as an indication of market correction to stop - (if we announce profits taking from short positions) or corrections to start - (if we announce that we are taking profits on our long positions or coins we bought).
Even though in ParadiseTeam we are 4 traders and we are using the skills we have learned during the last ~8 years in crypto as best as we can to analyze everything with a maximum accuracy (60-90% on average). Please understand that even though this analysis comes with extreme high probability to once again, playout in our favour, it is just a probability, not a certainty. If you want to transform these analyses, which you should be doing yourself on a daily basis dozens of times on multiple charts, into a long-term profitable trading strategy, you need to adapt also other factors that a consistent profitable professional trader does - including whole portfolio diversification and position size management.
Shout out to our ParadiseFamilyVIP members, because one of these things is also emotional discipline and lately, they are showing extreme endurance even though the corrupted mass and social media w/ crypto twitter influencers, is not making it easy for them, and trying to manipulate their actions and shake their focus from the PRO trading, KUDOS Paradisers !
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