The currency pair Near Protocol/Tether (NEAR/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.189 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.269 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
And also a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.334 |
| 2nd High | 1.3 |
| Next High | 1.269 |
| Current Price | 1.254000000 |
| Next Low | 1.189 |
| 2nd Low | 1.17 |
| 3rd Low | 1.112 |
1.269 – 1.256 – 1.239 – 1.189 – 1.204 – 1.194 —
1.236000000 – 1.269000000 —
44.00105060753 – 61.005357433968 —
– —
1.269 – 1773025200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –