The pair Near Protocol/Tether (NEAR/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.064 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.102 |
| 2nd High | 1.091 |
| Next High | 1.064 |
| Current Price | 1.046000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.064 – 1.091 – 1.102 – 1.04 – 1.057 – 1.016 —
1.045000000 – 1.056000000 —
43.430978990438 – 52.058337063726 —
– —
1.064 – 1771203600
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – – –