NEAR/USDT – 4H – SELL

The currency pair Near Protocol/Tether (NEAR/USDT) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 1.297 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.422 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.422 – 1.333 – 1.455 – 1.297 – 1.189 – 1.028 —
1.328000000 – 1.406000000 —
53.602656707609 – 65.521326809538 —
– —
1.422 – 1773360000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Last Engulfing Top – – –