NEAR / TetherUSLong
NEARUSDT - UniverseMetta - Analysis
#NEARUSDT - UniverseMetta - Analysis
On W1, the price is in a potential 5th wave, which may indicate a continuation of the upward movement. This scenario will be realized after breaking through the triangle trend line, which will potentially give the price the opportunity to start moving towards the targets of $11-12.
You can also observe that the price is near the lower border on D1, from which you can start looking for an entry point with local goals to the upper border of $8-9.
The best way is to wait for the 3-wave structure to confirm the start of the upward movement.
In anticipation of news about the rate, the price can also be lowered to prices below $5 and liquidity can be collected at $4.30 and a structure can begin to form from these values. It is better to expect structure on H4 from these levels.
Also, from these levels you can try to gain positions in Long.
Target 8 - 12
On W1, the price is in a potential 5th wave, which may indicate a continuation of the upward movement. This scenario will be realized after breaking through the triangle trend line, which will potentially give the price the opportunity to start moving towards the targets of $11-12.
You can also observe that the price is near the lower border on D1, from which you can start looking for an entry point with local goals to the upper border of $8-9.
The best way is to wait for the 3-wave structure to confirm the start of the upward movement.
In anticipation of news about the rate, the price can also be lowered to prices below $5 and liquidity can be collected at $4.30 and a structure can begin to form from these values. It is better to expect structure on H4 from these levels.
Also, from these levels you can try to gain positions in Long.
Target 8 - 12
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