Near protocol "nears" the end of a bullish triangle pattern
NEAR protocol is the 22nd most valuable cryptocurrency valued at about $9 billion.
While the entire crypto market has been correcting, NEAR has been correcting too, but with a waveform that suggests a rally is about to resume.
From January 4-9, the correction was an equal wave pattern. These patterns are a clue about the market's future path as they generally are fully retraced. Since this equal wave pattern formed to the downside, then it suggests new highs above $17 aren't too far away.
If this decline is part of a larger triangle pattern, then a brief rally may occur to satsify wave ((d)). Wave ((d)) would need to hold below the wave ((b)) high.
After ((d)) carves, then wave ((e)) will be a brief dip that carries NEAR back to around $14.
From around $14, look for $NEAR to rally to new highs above $18.
While the entire crypto market has been correcting, NEAR has been correcting too, but with a waveform that suggests a rally is about to resume.
From January 4-9, the correction was an equal wave pattern. These patterns are a clue about the market's future path as they generally are fully retraced. Since this equal wave pattern formed to the downside, then it suggests new highs above $17 aren't too far away.
If this decline is part of a larger triangle pattern, then a brief rally may occur to satsify wave ((d)). Wave ((d)) would need to hold below the wave ((b)) high.
After ((d)) carves, then wave ((e)) will be a brief dip that carries NEAR back to around $14.
From around $14, look for $NEAR to rally to new highs above $18.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
