NEAR/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 1.016 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.064000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

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

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.064000000 – 1.091 – 1.102 – 1.057 – 1.016 – 0.934 —
1.064000000 – 1.057000000 —
48.242205406577 – 54.729686999029 —
1.064000000 – 1771203600 —
– 1771203600

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –