In addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Near Protocol/Tether (NEAR/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 1.031 will continue.
Caution: A possible change in the direction of the resistance level at 1.075000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.018 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.075000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.102 |
| Next High | 1.075000000 |
| Current Price | 1.057000000 |
| Next Low | 1.031 |
| 2nd Low | 1.016 |
| 3rd Low | 0.934 |
1.075000000 – 1.064 – 1.102 – 1.031 – 1.016 – 0.934 —
1.075000000 – 1.065000000 —
45.691519815516 – 56.552198982831 —
1.075000000 – 1771246800 —
– 1771246800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – – Rising Wedge Chart Pattern – –