What's going on, everyone? Check out Ethereum's competitor - one of the top coins, 🕸NEAR.
🔵 Just a note: The NEAR Protocol is a first-layer blockchain platform designed to be scalable and user-friendly, aiming for mass adoption with a focus on accessibility and accessibility. Compatible. Launched in 2020 as a decentralized cloud infrastructure for deploying decentralized applications (DApps). The main feature of the platform is sharding - a process of dividing network infrastructure into segments, allowing nodes (computers) to process only part of network transactions. This structure improves data search efficiency and scalability. 😇
One of the best and prudent options for an investment portfolio that is guaranteed to grow 100%. 📈
☕Technically, NEAR is consolidating below the $7.3-$7.6 resistance level in an "ascending triangle" pattern. Therefore, I expect there will be an upward breakout from the model. From an Elliott wave theory perspective, I believe we are in a 3rd impulse wave, which implies a retest of the current high at $9.01 and a test of the 1.618 Fibonacci extension at 9.68 USD, where we also have a zone to complete the complete pattern. 📈
✏️ On a broader scale, this accumulation is the fourth corrective wave, in which we adjusted the impulse to the 0.618 Fibonacci level and tested the top of the first wave. We are waiting for the start of the fifth impulse wave with a high of $12. 🤸♀️
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