🧠 NEAR/USDT – Potential Wave C Setup (Elliott Wave + Fib Confluence)
📆 Timeframe: 1D | Exchange: BINANCE
🚀 Setup Overview:
We are likely entering a bullish Wave C based on the completion of an ABC corrective structure within a larger Elliott Wave pattern. The current price action has pulled back into a key "Area of Interest", aligning with multiple Fibonacci retracement levels, offering an attractive entry opportunity.
🎯 Entry Zone (Buy):
Between $2.30 – $2.35
This aligns with the 61.8% Fib retracement, a historically strong reversal level.
Also within the highlighted Area of Interest, marked by high volume and previous consolidation.
📉 Stop Loss (SL):
Set below the 78.6% retracement level: $2.07
A break below this level invalidates the ABC bullish setup.
📈 Target Zones for Wave C:
TP1: $3.70 (1.0 Fib Extension – Wave A equal to C)
TP2: $4.66 (1.618 Fib Extension – typical Wave C projection)
TP3 (Moonshot): $6.20 – $7.75 (2.618–3.618 extension for aggressive continuation)
📆 Timeframe: 1D | Exchange: BINANCE
🚀 Setup Overview:
We are likely entering a bullish Wave C based on the completion of an ABC corrective structure within a larger Elliott Wave pattern. The current price action has pulled back into a key "Area of Interest", aligning with multiple Fibonacci retracement levels, offering an attractive entry opportunity.
🎯 Entry Zone (Buy):
Between $2.30 – $2.35
This aligns with the 61.8% Fib retracement, a historically strong reversal level.
Also within the highlighted Area of Interest, marked by high volume and previous consolidation.
📉 Stop Loss (SL):
Set below the 78.6% retracement level: $2.07
A break below this level invalidates the ABC bullish setup.
📈 Target Zones for Wave C:
TP1: $3.70 (1.0 Fib Extension – Wave A equal to C)
TP2: $4.66 (1.618 Fib Extension – typical Wave C projection)
TP3 (Moonshot): $6.20 – $7.75 (2.618–3.618 extension for aggressive continuation)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.