Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Near Protocol/Tether (NEAR/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 1.265 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.505 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Southern Doji’ candle pattern is detected. The chart forms ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.547 |
| 2nd High | 1.529 |
| Next High | 1.505 |
| Current Price | 1.459000000 |
| Next Low | 1.265 |
| 2nd Low | 1.256 |
| 3rd Low | 1.245 |
1.505 – 1.529 – 1.547 – 1.465 – 1.464 – 1.265 —
1.483000000 – 1.494000000 —
41.924186771322 – 42.651523032686 —
– —
1.505 – 1778158800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –