$NEAR
#NEARUSDT welcome to my new analysis about NEAR from a weekly timeframe perspective. As I detected interesting setups in the whole cryptocurrency market that are likely to turn out to be profitable trades with surplus profits, NEAR is one of them. As I am currently following a diversified trading approach in which I also trade other assets in the market, altcoins provide a solid opportunity to profit from high volatility movements.
As when looking at my chart now, we can watch there how NEAR forms this second descending wedge formation. Such a formation has been completed already and was the origin of massive bullish expansion towards the upside. The formation is now forming in a very similar manner again. The bounce off the ascending support line as well as the bounce off the lower boundary of the formation supports further upside movements, as the wave count has been finalized already.
Once NEAR emerges with the breakout above the upper boundary of the descending wedge formation as seen in my chart, this is going to finalize the formation and activate the upper target zones as marked in my chart. The settlement above the EMAs will additionally confirm the upside bullish movements. The final target zone of this gigantic descending wedge formation is within the upper descending wedge target zone, as marked in my chart.