The combination Near Protocol/Tether (NEAR/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 1.102 is certain.
Caution: A possible reversal of the trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.102 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.102 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.114 |
| 2nd High | 1.103 |
| Next High | 1.102 |
| Current Price | 1.074000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.102 – 1.031 – 0.991 – 1.016 – 0.934 – 0.938 —
1.087000000 – 1.074000000 —
61.111563713719 – 44.985923813484 —
– —
1.102 – 1771102800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Up – – –