GALA/USDT – 4H – BUY

The currency pair Gala/Tether (GALA/USDT) breaks through the descending trendline upwards

A bullish ascent up to the next resistance line at 0.016910000 will continue.

Caution: A possible counter-trend in the direction of the support line at 0.015100000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.01702 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.016910000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.016910000 – 0.017350000 – 0.018940000 – 0.015100000 – 0.015730000 – 0.015740000 — 48.095706795078 – 53.938186219794

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top retreat up – –