Kendrick_Crypto

NEAR | Waiting to Breakout | 4h

Long
BINANCE:NEARUSDT   NEAR / TetherUS


NEARUSDT

  • 1d chart is strong with a retracement of only 0.382
  • The 4th wave is confirming to complete and goes for the 5th wave
  • Now trading within a large rectangle
  • Lower bound is the volume profile POC at 14.8, which has support 4 times
  • Upper bound is a resistance of 17.7 that tested 5 times, waiting to break
  • 4h chart shows a W shape followed by a pivot just below the resistance
  • A high reward to risk entrance opportunity
  • NEAR going to announce its USN stable coin arrangement later today

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