Also there is a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) goes from the ascending trendline downwards
A descent downwards to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.016450000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016910000 |
| 2nd High | 0.016700000 |
| Next High | 0.016450000 |
| Current Price | 0.015900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.016450000 – 0.016380000 – 0.016390000 – 0.015440000 – 0.015670000 – 0.015880000 — 47.330846299425 – 44.603116315704
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –