NEAR Protocol Price Movement

Here the 4H chart is in view and we will be using the resistance level, resistance line, support line and support level to predict the price movement.
Two scenarios will be considered:
1. Price breaking through the resistance line
2. Price breaking through the support line

For the first scenario, if price breaks through the blue resistance line CB, then it is heading for the resistance level which is currently at $13.2
There are chances that price movement may linger below the resistance level until the Elliot wave correct completes but if price tests and breaks the resistance level line at $13.2 then it’s heading for $16

The second scenario is if price breaks the support line AB then it’s heading for positions below $10 which is not a viable scenario.

The current price position is a very good entry point to go long on Near Protocol.

Goodluck trading!