There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 0.019760000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.020970000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021910000 |
| 2nd High | 0.021520000 |
| Next High | 0.020970000 |
| Current Price | 0.020010000 |
| Next Low | 0.019760000 |
| 2nd Low | 0.019340000 |
| 3rd Low | 0.018090000 |
0.020970000 – 0.020570000 – 0.019340000 – 0.019760000 – 0.019340000 – 0.018090000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – – Rising Wedge Chart Pattern