NEAR/USDT – 1H – SELL

The combination Near Protocol/Tether (NEAR/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support at 1.32 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.392 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 1.35027 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.392 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.392 – 1.256 – 1.302 – 1.32 – 1.221 – 1.224 —
1.350000000 – 1.392000000 —
55.699979632019 – 65.970359765319 —
– —
1.392 – 1775653200

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Two Crows – – –