Sell NEAR/USDT – 1H – SELL

The pair Near Protocol/Tether (NEAR/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 0.841 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.046 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Three Black Crows’ chart pattern is found. The candles form ‘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 probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 1.103
2nd High 1.08
Next High 1.046
Current Price 0.971000000
Next Low 0.841
2nd Low
3rd Low

1.046 – 1.08 – 1.103 – 0.841 – 1.128 – 1.123 —
0.995000000 – 0.999000000 —
41.871054149144 – 42.642103571232 —
– —
1.046 – 1770667200

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