The currency pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline down.
A bearish movement down to the next support level at 1.88 is certain.
Caution: A possible change in the direction of the resistance zone at 2.085 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.88 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 2.085 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.108 |
| 2nd High | 2.087 |
| Next High | 2.085 |
| Current Price | 1.917000000 |
| Next Low | 1.88 |
| 2nd Low | 1.877 |
| 3rd Low | 1.857 |
2.085 – 2.087 – 2.108 – 1.88 – 1.958 – 2.008 —
1.917000000 – 1.937000000 —
33.078229553114 – 46.24569852351 —
– —
2.085 – 1784208600