NEAR/USDT – 1H – SELL

The currency pair Near Protocol/Tether (NEAR/USDT) moves from the ascending trendline down.

A bearish descent down to the next support level at 1.112 will persist.

Caution: A possible counter-trend in the direction of resistance at 1.26 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.211 – 1.26 – 0.991 – 1.112 – 1.028 – 0.953 —
1.303000000 – 1.389000000 —
77.110723273562 – 81.961421235944 —
– —
1.211 – 1772352000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –