NEAR/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.245 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.312 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.259338 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.312 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. 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 success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.312 – 1.286 – 1.305 – 1.245 – 1.262 – 1.268 —
1.283000000 – 1.286000000 —
56.009795264074 – 56.998827733186 —
– —
1.312 – 1777869000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Matching Low – – –