The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 2.175 is certain.
Caution: A possible counter-trend in the direction of the support line at 2.02 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
Then a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.265 |
| 2nd High | 2.261 |
| Next High | 2.175 |
| Current Price | 2.107000000 |
| Next Low | 2.02 |
| 2nd Low | 1.959 |
| 3rd Low | 1.93 |
2.119 – 2.079 – 2.084 – 2.02 – 1.959 – 1.987 —
2.119000000 – 2.115000000 —
54.697525961423 – 52.606574433567 —
– —
2.119 – 1781211600
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bullish Engulfing – – –