Merchants of NEAR has grown from 34 members at end of June to 107 members at end of July. We currently are running price predictions contest with members submitting their analysis through forms and telegram group which has seen much traction. Our weekly contests are now seeing consistently over 10 submissions with our monthly contest receiving 50 submissions. Last month we gave out 25 NEAR a week for the weekly contest and over 120 NEAR for the monthly. We will continue to running both contests as they are producing good analysis for the community as a whole.
We have two merchants helping with the technical analysis, posting to kick off the contest and mid week to fill some void. We have been more active on twitter and medium and will continue to post recaps, results and contests through the socials. The next steps of the guild is to start pumping out consistent content on the fundamental analysis side of projects launching on NEAR.
Could you elaborate on this topic? How do you evaluate the quality of the analysis performed?
I think that’s a great question! Would love to get a reply before voting on this proposal: SputnikDAO
@Merchants_NEAR I’m curious to learn more about your goals and how the community can support 
The quality lies mostly in the combination indicators used and the descriptions given by submissions.
A simple, yet effective, analysis would just be a moving average cross. That TA only has really two lines, one for each MA, but can used to predict trends of stocks and crypto. As you add more indicators the analysis becomes more complicated and generally higher quality. We had a number of community submissions with indicators such as MACD, Fibonacci zones, support/resistance levels, ect.
Different analysis are important for differing market conditions. Given July’s bearish market, it was really important to establish varying support levels for BTC and NEAR. For BTC it was the obvious 30k and 28k levels, which translated to $1.45 and $1.75 levels. For the currently bullish market, it is more important to see how much momentum crypto has, so a moving average cross might be more apt.
Our goal is just to provide the merchants wide a spectrum of analysis and educate people on current and future price movements. Could be used for individuals to day trade NEAR, could be used to ease hodlers, could be used to know when to buy the dip, whatever the case may be.
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Best way to support is to join our TG group, participate where you can, and ask questions. Not everyone has experience with analysis so asking questions and getting answers is good way to learn.
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