Let's read this chart!
🤑 Direction: long
🔥 Login: market
🎁 Take profit: 8.5$ / 9$
✈️ Stop loss: 6.9$
😎Pay attention to what the price looks like.
You can immediately see that a major player is gaining positions and buying out any drawdowns.
After the breakout of the bullish wedge, the price moves in an ascending channel.
A test of the Fib level and compliance with the structure of higher timeframes indicate that the upward movement may continue from the current values.🧐
🔥NEAR Protocol is a decentralized application platform. It was created with the aim of being a community-run cloud computing platform with a focus on developer-usability and user-friendliness. The platform uses a Proof-of-Stake consensus mechanism and sharding technology in an attempt to solve blockchain problems related to scalability. Its native NEAR tokens can be used to pay for transaction fees and storage on the Near platform.
As mentioned, NEAR Protocol attempts to offer a solution to blockchain scalability issues.
It does this using a unique solution, that is with the implementation of its sharding mechanism called Nightshade. Sharding works by splitting the network into smaller fragments, or shards. By doing this, the computational load on a node is reduced since a particular node is only required to run the code that is relevant to its shard. As such, shards can conduct computation in parallel with one another. Consensus is achieved via a Proof-of-Stake mechanism. With PoS, nodes must stake their NEAR tokens to be considered to become a validator. Alternatively, regular users can delegate their stake to validators of their choice. NEAR uses an auction system to choose validators every “epoch” (approximately every 12 hours), and validators who have larger stakes have more influence in the consensus process.
Just look at what the DEFI sector looks like.
Even old projects look powerful. What can we say about the future!!!$NEAR