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Weekly forecast NEAR Protocol technical chart
Symbol NEARUSD

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Trade Setup

#NEARUSDT
Total Profit: 32443 pip (169%)
Closed trade(s): 6145 pip Profit (31%)
Open trade(s): 26298 pip Profit (138%)

Trade Setup:
We opened 8 BUY trade(s) @ 1.9450 based on 'Valley' entry method at 2021.07.23.

Closed Profit:
TP1 @ 2.1080 touched at 2021.07.24 with 1630 pip Profit (8%).
TP2 @ 2.3965 touched at 2021.07.26 with 4515 pip Profit (23%).
1630 (8%) + 4515 (23%) = 6145 pip (31%)

Open Profit:
Profit for one trade is 2.3833(current price) - 1.9450(open price) = 4383 pip (23%)
6 trade(s) still open, therefore total profit for open trade(s) is 4383 (23%) x 6 = 26298 pip (138%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 13:57
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.316, beginning of uptrend is expected.
  • We make sure when the resistance at 2.674 breaks.
  • If the support at 1.316 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.54 on 07/20/2021, so more gains to resistance(s) 2.40 and maximum to Major Resistance (2.67) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 2.11
  2. 2.40
  3. 2.67
  4. 3.63
  5. 4.48
  6. 5.59
  7. 7.37
Click on the level to view price action history.

Symbol Released Current Forecast
NEAR Protocol (NEARUSD) Sun, 12 Sep 2021
NEAR Protocol (NEARUSD) free Sat, 4 Sep 2021
NEAR Protocol (NEARUSD) Sat, 28 Aug 2021
NEAR Protocol (NEARUSD) Sun, 22 Aug 2021
NEAR Protocol (NEARUSD) free Sat, 14 Aug 2021