Speculative C&H Pattern on the weekly NEAR chart.
Updated
Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this now so I can watch the fun weeks-months from now by clicking play and see how well it plays out *not financial advice*
Note
I just went and took a look at NEAR on some exchanges that had more price history for it than coinbase does and this same cup n handle on that exchange is a clear inverse head and shoulders pattern…so this increases the probability that this cup n handle will reach its full breakout target.Note
This Cup & Handle is no longer a speculative one and is now very legit. However we are not guaranteed that the breakout has been confirmed yet. We are still in the range where it can find a way to dip back below the rimline and close some candles below it…if we continue to see a bullish impulse on the follow up candle close to the current one then probability rises significantly of price validating the breakout.Note
Nearing the c&h target,Note
Target hit!
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