NEAR Protocol (Binance: NEARUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NEAR began a red wave one advance on November 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 25 and the red wave two (blue sub-waves a-b-c) correction ended on December 11. If this wave count is correct, NEAR should be heading next towards the November 25 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
NEAR is an open source platform that accelerates the development of decentralized applications. Coin Bureau reviewed the protocol less than two months ago.
(Sources: https://near.org/)
How Will NEAR Protocol Trade?
NEAR Protocol (Binance: NEARUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
NEAR will takeout the November 25 peak
NEAR will drop below the November 4 low
NEAR will stay in a trading range between the November 4 low and the November 25 peak until January 25, 2021
Posted Using LeoFinance Beta
