NEAR/USDT – 30M – SELL

The combination Near Protocol/Tether (NEAR/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.938 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.987 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.987 – 0.999 – 1.004 – 0.938 – 0.944 – 0.982 —
0.964000000 – 0.978000000 —
47.510682324884 – 55.486770390024 —
– —
0.987 – 1770845400

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Two Crows – – –