NEAR Protocol Crypto Price News Today – Elliott Wave Technical Analysis Update & Price Update Now!

NEAR Protocol Crypto Price News Today – Elliott Wave Technical Analysis Update & Price Update Now!

[Music]
hello and welcome to another update
video about near yeah near chart has put
in in my opinion only a three-wave rally
here into the March highs we talked
about that extensively so for me that’s
not clearly a five-wave move might call
it five waves but it more looks like if
we look at the
proportions here now it more looks like
an ABC it didn’t quite reach the one:1
ratio so it could be a five-wave move to
the upside okay so why is that important
because an ABC rally like this doesn’t
give us clear probabilities but we can
still work with that the problem is the
only way to count a five wave move here
in my opinion is by doing this 1 2 3 4 4
five and that looks completely um out of
yeah I don’t know out of shape so it
doesn’t really look great proportions
doesn’t really don’t really align here
very well but you know Never Say Never
And it is technically possible to do
that to call it maybe a leading diagonal
in a wave one so that’s why we keep the
door open for higher prices especially
as long as we are in a bullish market
and the last support area I gave you was
here this one so between 156 and 385 we
can look at these FIP levels if the
price gets there actually um if it can
find some support it might have already
bottomed above the 38.2 retracement that
might be what happened however I need to
see a five wve increase to yeah have
clear probabilities so we are going to
zoom in in a minute if Wave 2 has really
bottomed which is possible yeah then
this wave two needs to
um well it would have completed and what
would happen next is a third wave rally
not actually sure where the third wave
is here what would happen next is the
third wave rally based on the wave count
that we have
here what we dealing with it’s measuring
the wave 1 length and then we go to the
low of the wave two and it would take us
to round about $94 in the third
wave and then we have a four and a five
so the wave four would then probably
retrace to round about round about
$40 and I need to find the fifth wave
not sure where it is but that’s sort of
ideally how that would look like the
only thing is I cannot confirm yet that
the Wave 2 has bottomed if it has I will
give you a very clear inv validation
point that needs to hold for that um
because if it breaks then we are dealing
with a more
substantial wave two correction okay so
the blue count just CHS a wider flat
correction in which the Wave 2 could
easily extend but there’s plenty of
space in the support area left so if the
third wave Circle wave three has indeed
started I want to observe a first five
wave move up because this third wave
also consists of five waves so it would
be like wave one wave two wave three
wave four wave five that would be how it
ideally would unfold and we want to we
want to see the first wave to confirm
this larger degree wave two is finished
and then we would get a wave two
pullback so basically getting finding an
entry in an up Trend in pullbacks and
they’re usually the lowest risk trades
but here obviously due to the structure
the support area is very very low so
we’ll have to see maybe the bottom is
already in how would that look like and
what would need to happen for that let
me first shift this here into place so
looking at the structure obious this was
a corrective pullback um yeah I mean
it’s a three-wave move I mean it it is
it could be over absolutely but this
could also just have been an a-wave of a
wider correction now you might say this
already looks like five waves well it
does visually possibly but you have to
consider the subwave structures as well
so for me this is only a three-wave move
up at the moment with this information I
can add a micro support area it’s
between $68 and $680 and as long as the
$68 level is holding one more high in an
Impulse could happen so a break below
$68 would be a first indication that a
b-wave has topped because this is only a
three-wave rally and as long as it’s
only in three waves we have to consider
this is a b wve and then obviously as
soon as these five waves are completed I
can give you the next support area which
would be lower I could already do that
now but um this is basically for the in
in case we already got five waves I mean
I can always be wrong about that right
it’s possible that five waves already
formed but now I wouldn’t I wouldn’t say
they have
formed it’s just not um it’s just not
very clear yet okay so if five waves
formed already or if we get another high
then this would be the support area it’s
just if we get another high I have to
adjust it so maybe I’ll take it off
after the video it’s just that if we get
another high see this support area will
move with the price but at the
moment the support would be 483 to
567 in case we break below $68 but
because it hasn’t given us a clear five
wve move up yet I don’t think there’s
great likelihood in this support area
holding so I’ll take it off the chart
again but you might still want to try
that you know in case you’re trying to
trade for the third wave but I would
prefer to see five clear waves one more
high would give us a cleaner five wave
structure and then um yeah I can say
Okay probabilities are sort of clearly
for upside Trend continuation in the
very short term in the very short term
so anyway um this is what I see I mean
three waves up at the moment there is
currently no indication that this entire
rally is over but below $68 that would
become clearer then obviously we might
test the other support areas I just gave
you together with the previous
structural support around
$4.90 which is this wave two low and
looking at this pattern here I mean
three waves up could be done and now
this wave four would then most likely
unfold as an ABC structure and then one
more high should send us higher if I
look at the FIB levels what would be an
ideal Target for the fifth wave from
what I can see right
now see it reached the 1.38 extension
that’s an ideal Target for a third so
the fifth should reach at least
the minimum was already reached could
also be that I didn’t draw the fibs
correctly but no they should be okay
yeah so 764 is next resistance and then
824 also don’t forget about all these
structural levels here so there’s some
structural resistance here as well
that’s my update about Nia hope you like
the update if you did please hit the
like button leave a comment and
subscribe and if you really like the
content and please check out the channel
membership also make sure that you
follow us on Instagram and Twitter for
additional cont content thanks a lot for
watching bye-bye

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

NEAR Protocol Crypto Price News Today – Elliott Wave Technical Analysis Update & Price Update Now! In this video I talk about the cryptocurrency NEAR or Near Protocol as I believe it has a lot of potential. I carry out a price analysis and talk about my price predictions.

—————————————————————————————–
🧿 Links:

Trade on Bitget:
https://partner.bitget.com/bg/UQ4SQX

Technical Analysis with TradingView:
https://bit.ly/Crypto_Tradingview

Set up trading bots with 3commas.io:
https://3commas.io/?c=tc1323713

Trade on Coinbase:
Receive $10 in BTC (see terms on website):
https://bit.ly/MCOinbase

Trade on Kucoin:
Receive a 20% fee discount:
https://www.kucoin.com/r/af/QBSSSL4T

Trade with eToro:
https://etoro.tw/3oFUKCk

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Trade with Trading212:
Receive shares worth up to $100:
https://bit.ly/Trading212MCO

Protect your cryptocurrencies with Trezor:
https://bit.ly/morecryptoonline

Protect your cryptocurrencies with Ledger:
https://shop.ledger.com/?r=0fb3c8be2e46

Stay safe with NordVPN:
https://go.nordvpn.net/SH4s0

—————————————————————————————–
🧿 MCO World:

You can find the Technical analysis channel here:
https://www.youtube.com/channel/UCsl6Z6p7GOkczo8Cv-GH6Dg

You can find our German crypto Youtube channel here:
https://www.youtube.com/channel/UCRRrpK63KNPZMTLbv61UKRw

Please check out the More Crypto Online website:
https://www.morecryptoonline.com/

Official Social Media Links:
Instagram: https://www.instagram.com/morecryptoonline_official/
Twitter: https://twitter.com/Morecryptoonl
LinkedIn: https://www.linkedin.com/company/more-crypto-online/

—————————————————————————————–
🧿 Join the private MoreCryptoOnline membership group:
https://www.morecryptoonline.com/plans-pricing OR
https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR
https://www.patreon.com/morecryptoonline

🧿 Join the private MoreCryptoOnline foundational video training course:
https://www.morecryptoonline.com/technical-analysis
—————————————————————————————–
⚠️ Very important: ⚠️
– please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam!
– please do not join any other MCO Telegram channel than the ones you received the links for. These are all scam!
– You find the official Social Media links down below in the description section.
—————————————————————————————–

☕️ Caffeine:
For additional support you can now buy me a coffee ;-):
https://www.buymeacoffee.com/morecrypto
—————————————————————————————–

Financial Disclaimer:
We are no financial advisors. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of recording and may have changed after recording.