The currency pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.059 is expected.
Caution: A possible trend reversal in the direction of support at 1.028 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.05 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.059 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.075 |
| 2nd High | 1.068 |
| Next High | 1.059 |
| Current Price | 1.050000000 |
| Next Low | 1.028 |
| 2nd Low | 1.025 |
| 3rd Low | 1.016 |
1.059 – 1.068 – 1.066 – 1.028 – 1.04 – 1.025 —
1.059000000 – 1.037000000 —
54.113178105638 – 34.755229503869 —
– —
1.059 – 1771408800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Up – Double top retreat up – –