GALA/USDT – 30M – BUYThe combination Gala/Tether (GALA/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 0.017950000 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 0.016860000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.01795 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.017950000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021520000 |
| 2nd High | 0.020350000 |
| Next High | 0.017950000 |
| Current Price | 0.017790000 |
| Next Low | 0.016860000 |
| 2nd Low | 0.015960000 |
| 3rd Low | 0.015890000 |
0.017950000 – 0.017480000 – 0.016670000 – 0.016860000 – 0.015960000 – 0.015890000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji