NEAR/USDT – 1H – BUY

The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance at 1.26 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 1.112 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.26 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.26 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.211 – 1.26 – 0.991 – 1.112 – 1.028 – 0.953 —
1.137000000 – 1.222000000 —
47.726302995163 – 63.2304493387 —
– —
1.211 – 1772352000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Up – – –