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#NEARUSDT ( NEAR ) 4 Hourly Analysis ANALYSIS & SIGNAL 🔰 It seems NEAR is getting ready to attack the highlighted zone to trap some late buyers with a Fake Breakout of the trendline 👎 We could open some Sell positions with the right confirmation at lower timeframes 💯 #NEAR #Write2Earn #JUP

#NEARUSDT ( NEAR ) 4 Hourly Analysis

ANALYSIS & SIGNAL

🔰 It seems NEAR is getting ready to attack the highlighted zone to trap some late buyers with a Fake Breakout of the trendline 👎

We could open some Sell positions with the right confirmation at lower timeframes 💯

#NEAR

#Write2Earn #JUP

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🤔What's up, folks? Checking out Ethereum's competitor - one of the top alts, 🕸NEAR. 🔵 Just a heads-up: NEAR Protocol is a first-layer blockchain platform designed for scalability and user-friendliness, aimed at mass adoption with a focus on accessibility and compatibility. Launched in 2020 as a decentralized cloud infrastructure for deploying decentralized applications (DApps). The platform's key feature is sharding - a process that divides the network infrastructure into segments, allowing nodes (computers) to process only a portion of network transactions. This structure improves data search efficiency and scalability. 😇 One of the best and conservative options for a portfolio that is guaranteed to grow 100%. 📈 ☕Technically, NEAR is accumulating under resistance at $7.3-$7.6 within the "ascending triangle" pattern. Consequently, I expect a breakout upwards from the formation. From a Elliott wave theory perspective, I believe we’re in the 3rd impulsive wave, which implies a retesting of the current high of $9.01 and testing the 1.618 Fibonacci extension level at $9.68, where we also have a zone for the complete pattern completion. 📈 ✏️ On a broader scale, this accumulation is the corrective fourth wave, within which we corrected the impulse to the 0.618 Fibonacci level and tested the top of the first wave. We’re awaiting the start of the fifth impulsive wave with a peak at $12. 🤸‍♀️ NOTE: If you found this helpful, consider to tipping me. Your generosity will help me to continue to provide high quality contents. 🙏🏿 #DYOR #NFA
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