NEAR/USDT – 1H – SELL

The pair Near Protocol/Tether (NEAR/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.046 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.899422 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.046 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Southern Doji’ chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.046 – 1.08 – 1.103 – 0.938 – 0.841 – 1.128 —
0.979000000 – 1.011000000 —
50.883797355031 – 56.995777845745 —
– —
1.046 – 1770667200

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Southern Doji – Double bottom chart pattern – –