Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Near Protocol/Tether (NEAR/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at will persist.
Caution: A possible change in the direction of resistance at 1.075 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.103 |
| 2nd High | 1.102 |
| Next High | 1.075 |
| Current Price | 1.045000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.075 – 1.064 – 1.102 – 1.04 – 1.025 – 1.031 —
1.057000000 – 1.059000000 —
51.528405212996 – 52.058466226809 —
– —
1.075 – 1771246800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –