NEAR/USDT – 1H – SELLThe pair Near Protocol/Tether (NEAR/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at 0.938 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.011000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Last Engulfing Top’ candlestick pattern is found. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.08 |
| 2nd High | 1.046 |
| Next High | 1.011000000 |
| Current Price | 0.943000000 |
| Next Low | 0.938 |
| 2nd Low | 0.841 |
| 3rd Low |
1.011000000 – 1.046 – 1.08 – 0.938 – 0.841 – 1.128 —
1.011000000 – 0.953000000 —
56.995777507773 – 40.824825149617 —
1.011000000 – 1770894000 —
– 1770894000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –