NEAR/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 2.095000000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 2.197 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern 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 ‘Bearish Engulfing’ heading down is 79%.

2.197 – 2.101 – 1.962 – 2.095000000 – 1.955 – 1.857 —
2.167000000 – 2.231000000 —
60.193719976238 – 62.781315477871 —
2.095000000 – 1780920000 —
2.197 – 1780902000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –