The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.109 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.953 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.231 |
| 2nd High | 1.114 |
| Next High | 1.109 |
| Current Price | 1.233000000 |
| Next Low | 0.953 |
| 2nd Low | 0.934 |
| 3rd Low | 0.841 |
0.991 – 1.109 – 1.023 – 0.953 – 1.04 – 1.025 —
1.030000000 – 1.176000000 —
71.115217486541 – 90.630651895308 —
– —
0.991 – 1771948800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three White Soldiers – – –