NEAR/USDT – 4H – SELLThe pair Near Protocol/Tether (NEAR/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.297 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.422 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Last Engulfing Top’ candle pattern is discovered. The candles form ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.81 |
| 2nd High | 1.455 |
| Next High | 1.422 |
| Current Price | 1.376000000 |
| Next Low | 1.297 |
| 2nd Low | 1.189 |
| 3rd Low | 1.028 |
1.422 – 1.333 – 1.455 – 1.297 – 1.189 – 1.028 —
1.328000000 – 1.406000000 —
53.602656707609 – 65.521326809538 —
– —
1.422 – 1773360000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Last Engulfing Top – – –