đ Technical Analysis Update: Falling Wedge Breakout!
$NEAR/USDT chart has confirmed A falling wedge breakout, and we're gearing up for a potential bullish wave. Here's a quick breakdown for you:
đ Falling Wedge Pattern:
A falling wedge is a bullish continuation pattern characterized by converging trendlines that slope downward. After a series of lower highs and lower lows, NEAR formed a falling wedge. The breakout signifies a potential reversal of the downtrend, and we've witnessed a successful retest, adding strength to our analysis.
đ„ Breakout Confirmation:
The recent breakout above the upper trendline is a strong signal of a potential upward move. The successful retest acts as validation, indicating that the newfound support is holding.
đ Disclaimer:
Remember, trading involves risks, and past performance is not indicative of future results. Always manage your risk wisely and make informed decisions.
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