NEAR/USDT – 30M – SELL

The combination Near Protocol/Tether (NEAR/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 1.04 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.066 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.025 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.066 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.066 – 1.075 – 1.064 – 1.04 – 1.025 – 1.04 —
1.052000000 – 1.062000000 —
48.423308027467 – 51.757707574316 —
– —
1.066 – 1771277400

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –