NEAR/USDT Has Built Cup & Handle Pattern...To The Moon?
I spotted irregular, weird but still visible Cup & Handle pattern (yellow) on NEAR/USDt chart.
The timing is beautiful as all elements have already been shaped as the price
is breaking out of the Handle.
The target is measured by adding the depth of the Cup to the breakout of Handle.
It is located around $19, however the price action usually aims at retesting nearest extreme points and the all-time high of $20.6 perfectly matches that principle.
Bitcoin hit the all-time high already, Solana (rival platform) is close to all-time high.
This could support this idea.
The timing is beautiful as all elements have already been shaped as the price
is breaking out of the Handle.
The target is measured by adding the depth of the Cup to the breakout of Handle.
It is located around $19, however the price action usually aims at retesting nearest extreme points and the all-time high of $20.6 perfectly matches that principle.
Bitcoin hit the all-time high already, Solana (rival platform) is close to all-time high.
This could support this idea.
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