Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Near Protocol/Tether (NEAR/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.322000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.397 could occur.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.
Besides a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.471 |
| Next High | 1.397 |
| Current Price | 1.340000000 |
| Next Low | 1.322000000 |
| 2nd Low | 1.297 |
| 3rd Low |
1.397 – 1.471 – 1.467 – 1.322000000 – 1.343 – 1.373 —
1.337000000 – 1.350000000 —
41.183882090098 – 48.130172263554 —
1.322000000 – 1773934200 —
1.397 – 1773889200
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –