NEAR/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1.93 will persist.

Caution: A possible counter-trend in the direction of resistance at 2.084 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

2.084 – 2.261 – 2.265 – 1.93 – 2.001 – 2.033 —
2.054000000 – 2.029000000 —
48.913955935012 – 44.272100096973 —
– —
2.084 – 1781157600

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –