GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.015820000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.016680000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘RSI cross above 30’ indicator signal is discovered. The indicator shows ‘RSI cross above 30’. this is usually a bearish signal. The currency pair could go down.
Besides a ‘Shooting Star’ chart pattern is discovered. The chart shows ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.018720000 |
| 2nd High | 0.017640000 |
| Next High | 0.016680000 |
| Current Price | 0.015530000 |
| Next Low | 0.015820000 |
| 2nd Low | 0.015410000 |
| 3rd Low | 0.013790000 |
0.016680000 – 0.016610000 – 0.017640000 – 0.015820000 – 0.015410000 – 0.015850000 — 22.965564141192 – 22.965564141192
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Shooting Star – Double top retreat up –