NEAR/USDT – 30M – SELL

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

A bearish trend downwards to the next support level at 1.189 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.269 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.25188 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.269 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative 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 ‘Bearish Engulfing’ heading down is 79%.

1.269 – 1.256 – 1.239 – 1.189 – 1.204 – 1.194 —
1.249000000 – 1.266000000 —
49.908657839473 – 58.601514230181 —
– —
1.269 – 1773025200

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – – –