The combination Near Protocol/Tether (NEAR/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.987 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 2.079 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.93 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 2.079 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.175 |
| 2nd High | 2.084 |
| Next High | 2.079 |
| Current Price | 1.983000000 |
| Next Low | 1.987 |
| 2nd Low | 1.93 |
| 3rd Low | 1.857 |
2.079 – 2.084 – 2.175 – 1.987 – 1.93 – 2.026 —
2.070000000 – 2.034000000 —
49.04485255209 – 47.867206328675 —
– —
2.079 – 1781177400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –