NEAR is dancing to a powerful rhythm โ and itโs all in the cycles ๐
This chart uncovers a repeating top-bottom cycle that has held since early 2023, with precise peaks and valleys emerging every few months ๐๐.
After bouncing off a major bottom at ~$2, NEAR is now approaching the mid-line of the descending red channel, suggesting a potential trend reversal is underway ๐.
Each previous โBOTTOMโ aligned with strong recovery waves ๐, while the projected โTOPโ now points toward the $6โ7 zone โ aligning perfectly with the upper green trendline resistance ๐ฏ.
If the pattern continues, we could be looking at another macro push before year-end 2025 ๐.
๐ Will NEAR ride this wave to new local highs โ or is it just another lower high in the making? Either way, the rhythm of this chart is too clean to ignore.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This chart uncovers a repeating top-bottom cycle that has held since early 2023, with precise peaks and valleys emerging every few months ๐๐.
After bouncing off a major bottom at ~$2, NEAR is now approaching the mid-line of the descending red channel, suggesting a potential trend reversal is underway ๐.
Each previous โBOTTOMโ aligned with strong recovery waves ๐, while the projected โTOPโ now points toward the $6โ7 zone โ aligning perfectly with the upper green trendline resistance ๐ฏ.
If the pattern continues, we could be looking at another macro push before year-end 2025 ๐.
๐ Will NEAR ride this wave to new local highs โ or is it just another lower high in the making? Either way, the rhythm of this chart is too clean to ignore.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.