NEAR/USDT – 30M – SELL

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.261 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.303 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.303 – 1.333 – 1.318 – 1.268 – 1.267 – 1.217 —
1.318000000 – 1.300000000 —
65.454710175441 – 55.080658502601 —
– —
1.303 – 1773190800

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