as you can see in the chart NEAR was able to break the dynamic resistance line (marked in red) powerfully last week. and now it seems that price is going to test the intersection of broken resistance and bullish trend line(marked in blue).
this intersection zone can be a good place to buy(aiming for the channel's upside)
Near Protocol (NEAR) cryptocurrency was among the few digital currencies that sustained a big rally while the cryptocurrency market underwent a massive sell-off. In Elliott Wave analysis, the ABC pattern is a 3-wave pattern where wave A and wave C are equal in length.
From October’s 2020 low through March’s high, NEAR developed its first leg A. The...
The daily chart shows that yesterday’s melt-up lifted NEAR Protocol above a descending trend line at $6.90. This accelerated the buying, and as a consequence, NEAR cleared the previous all-time of $7.4500. This now becomes the first level of support, followed by the former trend resistance, now seen at $6.85.
How far can the rally take NEAR? Considering the...
The price action in NEAR has brought us to the ATH in this month of August.
It is evident that many parties have an interest in NEAR and this is observed by this price action.
We will no longer be far from the ATH. The most likely is a correction and accumulation in the intermediate levels of the fibonacci, which in turn follow the uptrend seen in the chart.
Awaiting for NEAR's Inverse H&S Pattern to potentially form. If 4H or 1D candle break above the blue line, our next target is likely to teach 9.8.
Pay attention and put this in your watchlist as this has a potential to grow 32-33% from here.
Trade wisely folks.
Near looks to be making it's next leg up also, already on a great uptrend and printing very bullish market structure here, I am an ICO holder so not adding to position just holding and watching here. They have also released "The Rainbow Bridge' which can now bridge ERC20 tokens to near blockchain and back to Ethereum which is extremely bullish.
If NEAR cannot return to this eclipsed shaded area above, I believe we will see it dropping more to around $1.08 , but it could pivot and return to go up at any of these FIBS. with my experience I would bet on it getting all the way down to 1.08. DYOR
* ohhh btw when one or several of my ideas make you rich AF please feel free to inbox me for my btc wallet...