Wave analysis follow-up for the #NEARUSDT currency pair on the four-hour timeframe:

🐻 The bearish trend dominates the overall trend

Based on the recent wave analysis, it appears that the pair has completed the formation of a corrective triangle pattern by breaking the lower boundary of the pattern, which reinforces the bearish trend. This break was accompanied by a breach of a major level, clearly indicating that the price has transitioned into a new phase of the downward wave. 〽️

🌊 Wave structure details:

* The broken pattern represents wave (b) within a downward zigzag structure.

* The current downward movement indicates waves 3 and 5 of wave (j), which target lower levels.

* As long as the price remains below 1.864, the bearish trend remains strong.

As long as the price stays below 1.864, the downward trend remains firmly in place. The 1.083 level is a target for the downward wave, and this level may serve as a zone where a potential reversal could occur in the near term.
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