GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.017480000 is certain.
Caution: A possible reversal of the trend in the direction of support at 0.015960000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.01748 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.017480000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017870000 |
| 2nd High | 0.017660000 |
| Next High | 0.017480000 |
| Current Price | 0.017890000 |
| Next Low | 0.015960000 |
| 2nd Low | 0.015890000 |
| 3rd Low | 0.015420000 |
0.017480000 – 0.016670000 – 0.016510000 – 0.015960000 – 0.015890000 – 0.016130000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji