NEAR/USDT – 1H – SELL

The combination Near Protocol/Tether (NEAR/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 1.758 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.864 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘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 probability of ‘Bearish Engulfing’ heading down is 79%.

1.864 – 2.199 – 2.279 – 1.758 – 1.86 – 1.962 —
1.822000000 – 1.829000000 —
42.462013679476 – 44.973105514895 —
– —
1.864 – 1782453600

Trading Signals: CRYPTO – NEAR – NEAR/USDT – USDT – Bearish Engulfing – – –