NEAR is in a weekly and daily downtrend. Daily and weekly support levels require close monitoring for signs of trend reversal. Potential long and short opportunities can arise from the key zones identified across timeframes.
Weekly Timeframe
- NEAR is in an overall downtrend as shown by lower highs and lower lows on the weekly chart.
- Price is currently testing Support Zone #2 between 1.168-2.584 which is a key support to watch.
- Below this zone, Demand Zone #3 from 1.097-0.971 will provide next support.
- Resistance levels like the 0.382 and 0.50 Fibonacci retracement levels around 2.365 and 2.800 could halt an upside move.
- Supply Zone #1 from 9.850-13.195 and Supply Zone #2 from 14.597-19.788 will act as zones to consider short positions.
Support and Resistance Levels
Support Zone #1 | 2.584 |
Support Zone #2 | 1.168 |
Resistance Zone #1 | 4.610 |
Resistance Zone #2 | 7.580 |
Resistance Zone #3 | 17.950 |
Fibonacci Retracement Levels
0.382 | 3.226 |
0.50 | 2.800 |
0.618 | 2.365 |
0.786 | 1.750 |
0.882 | 1.401 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 13.195 | 9.850 |
Supply Zone #2 | 14.597 | 19.788 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2.519 | 2.101 |
Demand Zone #2 | 2.033 | 1.730 |
Demand Zone #3 | 1.097 | 0.971 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 9.850 | 7.349 |
Bearish FVG #2 | 14.682 | 13.195 |
Bullish FVG #1 | 2.033 | 2.080 |
Bullish FVG #2 | 1.070 | 1.246 |
Daily Timeframe
- NEAR has formed lower highs and lows indicating a short term downtrend on the daily chart as well.
- It is currently testing Support Zone #1 at 3.118 which needs to hold for the trend to potentially reverse.
- Below this, Support Zone #2 between 1.601-3.118 will be the next support level.
- Demand Zone #1 from 2.318-2.067 can provide support on further declines.
- Bullish Fair Value Gaps between 2.500-2.766 and 2.318-2.422 show potential upside targets on a trend reversal.
Support and Resistance Levels
Support Zone #1 | 3.118 |
Support Zone #2 | 1.601 |
Fibonacci Retracement Levels
0.382 | 3.650 |
0.50 | 3.345 |
0.618 | 3.047 |
0.786 | 2.617 |
0.882 | 2.367 |
Demand Zone
Zone Number | High | Low |
Demand Zone #1 | 2.318 | 2.067 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 2.500 | 2.766 |
Bullish FVG #2 | 2.318 | 2.422 |
4 Hour Timeframe
- Fibonacci retracement levels between 3.450-4.126 will act as resistance on upward moves in the short term.
Fibonacci Retracement Levels
0.382 | 3.450 |
0.50 | 3.617 |
0.618 | 3.786 |
0.786 | 4.026 |
0.882 | 4.126 |
1 Hour Timeframe
- Minor downtrend seen from lower highs and lows.
- Support levels between 3.712-3.859 need to hold to halt the decline.
- Supply Zone #1 from 3.693-3.765 can potentially halt an upside bounce in the near term.
Fibonacci Retracement Levels
0.382 | 3.504 |
0.50 | 3.608 |
0.618 | 3.712 |
0.786 | 3.859 |
0.882 | 3.944 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 3.693 | 3.765 |