There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Near Protocol/Tether (NEAR/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 1.37 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.471 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.471 |
| Current Price | 1.386000000 |
| Next Low | 1.37 |
| 2nd Low | 1.325 |
| 3rd Low | 1.297 |
1.471 – 1.467 – 1.419 – 1.37 – 1.325 – 1.297 —
1.458000000 – 1.421000000 —
55.506130859013 – 29.278414523226 —
– —
1.471 – 1773801000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –