Full analysis according to schedule #NEAR
1. Forecast of price movements (short-term, medium-term)Short-term forecast:
The price is likely to move within the current range of $6.00 - $6.50, given the current indicators.
Mid-term forecast:
The price has the potential to rise to the $7.00 level if it overcomes the current resistance at $6.50 and consolidates above.
2. Support and resistance levels
Support Levels:
$5.00 (significant support level)$6.00 (current support level)
Resistance levels:
$6.50 (current resistance level)$7.00 (next resistance level)
3. Possible entry, exit, stop loss points for a long position
Entry Point: Open a long position at $6.10 with confirmation on higher volume and RSI above 50. Exit Point: Close the position at $6.50 or $7.00 depending on market dynamics. Stop Loss: Set a stop loss at $5.80 to minimize losses.
4. Possible entry, exit, stop loss points for short positions
Entry Point: Open a short position at $6.50 if there are signs of weakness and the RSI is below 50. Exit Point: Close the position at $6.00 or $5.50 depending on market dynamics. Stop Loss: Set a stop loss at $6.70 to minimize losses.
5. Analysis of long and short scenario
Long scenario:
Probability: 70% Rationale: Increase in trading volume, growth of active and new addresses, decrease in exchange reserves. Indicators: EMA, Ichimoku Cloud, Parabolic SAR indicate potential growth.
Short scenario:
Probability: 30% Rationale: Possible correction after recent growth, decline in net deposits on exchanges. Indicators: RSI in overbought zone, possible resistance at $6.50.
Notes:
Exchange reserve: Decrease over the last 7 days. Net deposits on exchanges: Decrease over the last 7 days. Capital inflows: Outflows predominate over the last 7 days. Large holder inflows: Inflows predominate over the last 7 days. Daily trading volume: Growth. Active addresses growth : Growth is observed. Growth of new addresses: Growth is observed.
Based on the analysis, the long scenario is more likely given the current market conditions and indicators.
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