NEAR displaying a textbook right-angled descending broadening formation on the chart. The pattern shows price action expanding downward within widening boundaries, a classic setup traders watch for potential breakout moves. The structural elements suggest increased volatility as the formation matures, making this a key level to monitor for the next directional impulse.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
8
Repost
Share
Comment
0/400
ChainDoctor
· 01-05 10:46
It's that broken pattern again. Every time, they say it's a key level, but what happens? NEAR still needs to keep falling to break the level. I just can't understand when this thing will rebound.
View OriginalReply0
SelfSovereignSteve
· 01-04 22:58
Hmm... Looks like NEAR is about to make a move again. This kind of diffusion pattern is just holding back a big move.
View OriginalReply0
gas_fee_trauma
· 01-04 10:45
Near's chart is indeed a bit tight right now, just waiting for that moment to break through.
View OriginalReply0
ZkSnarker
· 01-03 23:42
alright so here's the thing about these broadening formations—they're basically the market saying "i have no idea what i'm doing" but in chart pattern language lmao. textbook setup sure, but tbh those textbooks weren't written yesterday... watched this exact scenario play out like five times already this cycle. volatile impulse incoming? more like "pick a direction any direction" energy ngl
Reply0
RektRecovery
· 01-03 23:42
yeah so this is the formation everyone and their dog sees coming... volatility expanding downward, widening boundaries, the whole predictable playbook. watch how most retail gets trapped thinking they're early. classic setup for absolute carnage when it finally breaks.
Reply0
AllInAlice
· 01-03 23:31
Near's downward expansion pattern is quite fierce; we need to keep a close watch.
View OriginalReply0
GasFeeNightmare
· 01-03 23:25
Staying up late again on the gas tracker, this NEAR chart looks a bit painful. The width is getting larger, and my mindset is the same... A downward wide-range oscillation. When it breaks out, the gas fees will spike again. I have to manually calculate the right moment to buy so I don't lose everything.
View OriginalReply0
GmGmNoGn
· 01-03 23:22
The NEAR pattern looks a bit aggressive. Let's wait and see if it can break through the bottom.
NEAR displaying a textbook right-angled descending broadening formation on the chart. The pattern shows price action expanding downward within widening boundaries, a classic setup traders watch for potential breakout moves. The structural elements suggest increased volatility as the formation matures, making this a key level to monitor for the next directional impulse.