The combination Near Protocol/Tether (NEAR/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.189 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.455 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.204 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.455 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Southern Doji’ candle chart pattern is found. The chart shows ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.894 |
| 2nd High | 1.81 |
| Next High | 1.455 |
| Current Price | 1.333000000 |
| Next Low | 1.189 |
| 2nd Low | 1.028 |
| 3rd Low | 0.953 |
1.333 – 1.455 – 1.26 – 1.189 – 1.028 – 0.953 —
1.335000000 – 1.376000000 —
63.220290081521 – 59.484520035068 —
– —
1.333 – 1773144000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –