The pair Near Protocol/Tether (NEAR/USDT) jumps from the ascending trendline down.
A descent down to the next support line at 1.278 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.305 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32 |
| 2nd High | 1.313 |
| Next High | 1.305 |
| Current Price | 1.271000000 |
| Next Low | 1.278 |
| 2nd Low | 1.221 |
| 3rd Low | 1.197 |
1.305 – 1.3 – 1.313 – 1.278 – 1.285 – 1.279 —
1.278000000 – 1.282000000 —
36.446101541597 – 47.751965508936 —
– —
1.305 – 1777757400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –