NEAR/USDT – 1H – SELL

The combination Near Protocol/Tether (NEAR/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 1.959 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 2.155 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.93 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 2.155 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

2.155 – 2.119 – 2.084 – 1.959 – 1.93 – 2.001 —
2.122000000 – 2.041000000 —
54.666475045623 – 41.348183031389 —
– —
2.155 – 1781258400

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –