NEAR/USDT – 1H – SELL

The combination Near Protocol/Tether (NEAR/USDT) moves from the bullish trendline downwards

A descent downwards to the next support line at 0.953 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.231 could occur.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. this 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 ‘Bearish Engulfing’ going down is 79%.

0.991 – 1.109 – 1.023 – 0.953 – 1.04 – 1.025 —
1.153000000 – 1.184000000 —
89.404822047045 – 67.2536050659 —
– —
0.991 – 1771948800

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – – –