Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Near Protocol/Tether (NEAR/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support at 0.981 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.109000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.81 |
| 2nd High | 1.239 |
| Next High | 1.109000000 |
| Current Price | 1.009000000 |
| Next Low | 0.981 |
| 2nd Low | 0.934 |
| 3rd Low | 0.841 |
1.109000000 – 1.109 – 1.102 – 0.981 – 1.025 – 0.934 —
1.109000000 – 1.029000000 —
70.686907127435 – 41.847488082445 —
1.109000000 – 1771660800 —
– 1771660800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –