The pair Near Protocol/Tether (NEAR/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 2.066 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.999 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.11 |
| 2nd High | 2.078 |
| Next High | 2.066 |
| Current Price | 2.056000000 |
| Next Low | 1.999 |
| 2nd Low | 1.877 |
| 3rd Low | 1.857 |
2.066 – 1.977 – 1.939 – 1.999 – 1.877 – 1.857 —
2.093000000 – 2.075000000 —
73.924910836205 – 50.069208015165 —
– —
2.066 – 1784041200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bullish Belt Hold – – –