GALA/USDT – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.015440000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.016450000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. this 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016910000 |
| 2nd High | 0.016700000 |
| Next High | 0.016450000 |
| Current Price | 0.016060000 |
| Next Low | 0.015440000 |
| 2nd Low | 0.015100000 |
| 3rd Low | 0.015010000 |
0.016450000 – 0.016380000 – 0.016390000 – 0.015440000 – 0.015670000 – 0.015880000 — 51.526328802362 – 50.902811064471
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –