The combination Near Protocol/Tether (NEAR/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 1.307 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.278000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Mat Hold’ candlestick pattern is detected. The candles form ‘Mat Hold’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Mat Hold’ heading up is 78% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.333 |
| 2nd High | 1.323 |
| Next High | 1.307 |
| Current Price | 1.332000000 |
| Next Low | 1.278000000 |
| 2nd Low | 1.268 |
| 3rd Low | 1.267 |
1.307 – 1.323 – 1.303 – 1.278000000 – 1.286 – 1.268 —
1.290000000 – 1.324000000 —
38.726921245059 – 61.592788500773 —
1.278000000 – 1773291600 —
1.307 – 1773275400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Mat Hold – – –