Let's talk about a long-term investment shall we? Let's talk about $NEAR Protocol.

NEAR Protocol is an L1 Blockchain and $NEAR is its token. Unlike other tokens, however, it's pretty useful for cutting ETH Blockchain fees (NEAR's Aurora EVM) and bridging tokens around ecosystems (NEAR's "Rainbow Bridge").

The previous All Time High has been set at $20 and still not reached. There is significant speculation of $100 as a possibility, but regardless of this, as it will be shown below, the odds of NEAR surpassing $20 ATH are pretty significant when considering the current market structures.

As seen in the second image, which is a DAILY chart, NEAR is currently finishing (it's likely already finished) a 4th Elliott Wave which looks like a flat correction with $4.3 as the definite bottom. Several Order Blocks are also further supporting NEAR's price above the $4.00 threshold.

As also seen in the second image, NEAR has been RESISTING an entire week of Bitcoin dying, which is pretty impressive. BTC fell by a 5% amplitude just today and still, NEAR is in a green day. What gives?!

Well, what gives is that fortunately, $NEAR follows the Wave Theory, and respects its second rule: "The second Corrective Wave doesn't invade the area of the first Impulsive Wave, unless in Futures Market, where liquidations will momentarily bring the price into this area".

The 1st Impulsive Wave made its top at $4.6, and liquidations brought the price to $4.3 twice. Chances are that NEAR is just waiting for BTC to pump in order to seek the $8 barrier, making an excellent entry point right now for long-term investors.

If you are a Trader and want to trade NEAR, I recommend waiting until NEAR reaches the bottom of a red day, and then buying. Definitely DO NOT SHORT. If you want a perfect entry, $4 is the lower limit of Fibonacci's Golden, which spans $4.9 and $4.0.

Overall, NEAR seems to be posing a great opportunity both for the short and long term, and is one of the three coins I'm grabbing a bunch.

~ Green 🍀