NEAR/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.304 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.342 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.278 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.342 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The 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).

1.342 – 1.376 – 1.422 – 1.315 – 1.319 – 1.304 —
1.317000000 – 1.313000000 —
37.669402269534 – 42.184755821107 —
– —
1.342 – 1773459000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –