The pair Near Protocol/Tether (NEAR/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support at 1.99 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 2.149 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.199 |
| 2nd High | 2.191 |
| Next High | 2.149 |
| Current Price | 2.018000000 |
| Next Low | 1.99 |
| 2nd Low | 1.977 |
| 3rd Low | 1.959 |
2.149 – 2.191 – 2.199 – 2.09 – 2.099 – 2.119 —
2.069000000 – 2.035000000 —
39.301978982426 – 33.343246794099 —
– —
2.149 – 1782160200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –