The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 1.412 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.304 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.455 |
| 2nd High | 1.416 |
| Next High | 1.412 |
| Current Price | 1.413000000 |
| Next Low | 1.304 |
| 2nd Low | 1.278 |
| 3rd Low | 1.268 |
1.342 – 1.307 – 1.323 – 1.304 – 1.278 – 1.286 —
1.352000000 – 1.410000000 —
61.528425678807 – 70.021506396905 —
– —
1.342 – 1773313200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three White Soldiers – – –