The currency pair Near Protocol/Tether (NEAR/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 2.182 will continue.
Caution: A possible change in the direction of support at 2.084 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2.2365 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 2.182 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.301 |
| 2nd High | 2.255 |
| Next High | 2.182 |
| Current Price | 2.159000000 |
| Next Low | 2.084 |
| 2nd Low | 2.063 |
| 3rd Low | 1.99 |
2.182 – 2.255 – 2.301 – 2.084 – 2.095 – 2.13 —
2.161000000 – 2.143000000 —
49.901776164291 – 46.221673131526 —
– —
2.182 – 1781884800
Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –