NEAR/USDT – 4H – SELL

The pair Near Protocol/Tether (NEAR/USDT) moves from the bullish trendline down.

The bearish trend down to the next support level at 0.953 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.109 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.934 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.109 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.109 – 1.102 – 1.239 – 0.953 – 0.981 – 1.025 —
1.114000000 – 1.145000000 —
71.132294092235 – 60.219035594663 —
– —
1.109 – 1771660800

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –