NEAR/USDT – 30M – SELL

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

The bearish trend downwards to the next support level at 2.086 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 2.187 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.082 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 2.187 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.187 – 2.057 – 2.155 – 2.086 – 1.99 – 1.977 —
2.132000000 – 2.141000000 —
56.123733739603 – 57.291745566281 —
– —
2.187 – 1781366400

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –