The pair Near Protocol/Tether (NEAR/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.986 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.063 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.103 |
| 2nd High | 1.08 |
| Next High | 1.063 |
| Current Price | 1.029000000 |
| Next Low | 0.986 |
| 2nd Low | 0.841 |
| 3rd Low |
1.063 – 1.08 – 1.103 – 0.986 – 1.028 – 1.03 —
1.043000000 – 1.039000000 —
67.000847781655 – 56.201284078945 —
– —
1.063 – 1770591600
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –