☕ NEAR/USDT 4H: Textbook Cup and Handle Pattern Forming + RSI Confirmation! 🚀🔥
Hey Traders! 👋 Spotting some massive bullish potential on the NEAR/USDT 4-hour chart today. Check out this beautiful, clean setup! 🧠✨
We can clearly see a classic Cup and Handle pattern taking shape:
1️⃣ The Cup: A perfect rounded bottom formation, finding strong support around the $2.20 zone and recovering back up to the $3.00 major resistance level. 🟩
2️⃣ The Handle: Right now, price is facing rejection at the $3.00 neckline and forming a healthy downward consolidation. 📉
3️⃣ RSI Confirmation: Look at the RSI 14 indicator at the bottom! As the handle forms, the RSI is cooling down nicely from the overbought zone, preparing for the next potential fuel up. 📊⚡
💡 What's the Plan?
We are waiting for a clean Breakout & Retest above the $3.00 neckline. Once that is confirmed with strong buying volume and the RSI breaking upwards, the potential target could be massive (measured depth of the cup takes us towards the $3.80+ area)! 🎯
Remember: No confirmation, no trade. Let the handle finish cooking! ☕⏳
Are your bags packed for NEAR, or are you waiting for the full breakout confirmation? Let me know below! 👇💬
#NEARUSDT #CryptoTrading #TechnicalAnalysis #ChartPatterns #PriceAction #RSI
#BullishSetup