Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Near Protocol/Tether (NEAR/USDT) goes from the bullish trendline down.
A bearish movement down to the next support at 1.249 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.334 could occur.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.416 |
| 2nd High | 1.412 |
| Next High | 1.334 |
| Current Price | 1.271000000 |
| Next Low | 1.249 |
| 2nd Low | 1.245 |
| 3rd Low | 1.17 |
1.334 – 1.412 – 1.416 – 1.249 – 1.245 – 1.341 —
1.283000000 – 1.287000000 —
44.327724366104 – 49.43474864206 —
– —
1.334 – 1772699400
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –