NEAR/USDT – 1H – BUY

The currency pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 1.333 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 1.267 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.333 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.333 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Advance Block’ candle chart pattern is existing. The chart forms ‘Advance Block’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

1.333 – 1.282 – 1.269 – 1.267 – 1.217 – 1.189 —
1.286000000 – 1.307000000 —
46.666988194564 – 56.605850060274 —
– —
1.333 – 1773151200

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Advance Block – – –