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#NEARUSDT | Elliott Wave Analysis - 4-Hour Time Frame
Bearish Pressure 🐻
📉 A downward impulsive wave has formed, followed by a corrective wave (2)/(b), which developed into a triangle pattern 🔨.
The price recently broke a key level with a slight impulsive move. Based on this pattern, the following scenario is expected:
Further decline through the sub-waves of wave (3)/(c).
A new bottom is formed, with an ideal downside target around 0.756 〽️.
Upon completion of the downward wave and the appearance of a reversal pattern from this area, a price rebound and the start of a new upward wave 📈 are expected.
#NEAR
$NEAR