Trading Class

Markets › NEAR Protocol › Support bounce

Crypto · price-structure setup

Support bounce on NEAR Protocol

On NEAR Protocol the support bounce showed up 101 times. The target came first 31% of the time, the stop 63%, and 6% went nowhere within 12 candles.

Counted on NEAR Protocol (NEAR/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily425%75%0%
4-hour1331%69%0%
Hourly8431%62%7%

NEAR Protocol against the rest

ChartsFoundTarget firstStop firstWent nowhere
NEAR Protocol10131%63%6%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
20211050%50%
20222025%60%
20231822%78%
20241833%61%
20251735%53%
20261828%72%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce lesson, video and quiz ›

Other patterns on NEAR Protocol

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The support bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · Chainlink · Uniswap · BNB · Cardano · Polkadot · Aave

Questions

How often does the support bounce work on NEAR Protocol?

In 101 cases on NEAR Protocol, the target (1.5 × ATR) came before the stop (1 × ATR) 31% of the time and the stop came first 63%; 6% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.