NEAR/USDT – 30M – SELL

The pair Near Protocol/Tether (NEAR/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 1.112 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.211 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

1.211 – 1.196 – 1.097 – 1.112 – 1.028 – 1.073 —
1.137000000 – 1.197000000 —
44.644144511908 – 60.995797896313 —
– —
1.211 – 1772352000

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – – –