The combination Near Protocol/Tether (NEAR/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 1.364 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.410000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.374 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.410000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.425 |
| Next High | 1.410000000 |
| Current Price | 1.394000000 |
| Next Low | 1.364 |
| 2nd Low | 1.349 |
| 3rd Low | 1.343 |
1.410000000 – 1.395 – 1.388 – 1.364 – 1.349 – 1.343 —
1.410000000 – 1.405000000 —
61.085945285725 – 60.448584706288 —
1.410000000 – 1776087000 —
– 1776087000
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – – Rising Wedge Chart Pattern – –