NEAR/USDT – 1H – SELLThe currency pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 1.278 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.323 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Shooting Star’ chart pattern is discovered. The chart shows ‘Shooting Star’. which is a negative 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 ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.334 |
| 2nd High | 1.333 |
| Next High | 1.323 |
| Current Price | 1.388000000 |
| Next Low | 1.278 |
| 2nd Low | 1.267 |
| 3rd Low | 1.217 |
1.323 – 1.333 – 1.282 – 1.278 – 1.267 – 1.217 —
1.352000000 – 1.422000000 —
61.303941394531 – 80.460836664069 —
– —
1.323 – 1773234000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Shooting Star – – –