The currency pair Near Protocol/Tether (NEAR/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.465 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.505 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.547 |
| 2nd High | 1.529 |
| Next High | 1.505 |
| Current Price | 1.469000000 |
| Next Low | 1.465 |
| 2nd Low | 1.464 |
| 3rd Low | 1.265 |
1.505 – 1.529 – 1.547 – 1.465 – 1.464 – 1.265 —
1.465000000 – 1.471000000 —
43.100454403478 – 49.150637957235 —
– —
1.505 – 1778158800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Two Crows – – –