The currency pair Near Protocol/Tether (NEAR/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.267 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.333 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.416 |
| 2nd High | 1.334 |
| Next High | 1.333 |
| Current Price | 1.320000000 |
| Next Low | 1.267 |
| 2nd Low | 1.217 |
| 3rd Low | 1.189 |
1.323 – 1.333 – 1.282 – 1.267 – 1.217 – 1.189 —
1.296000000 – 1.338000000 —
47.354905827094 – 66.895006124981 —
– —
1.323 – 1773234000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –