GALA/USDT – 4H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 0.016450000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.015440000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017350000 |
| 2nd High | 0.016910000 |
| Next High | 0.016450000 |
| Current Price | 0.016150000 |
| Next Low | 0.015440000 |
| 2nd Low | 0.015100000 |
| 3rd Low | 0.014810000 |
0.016450000 – 0.016390000 – 0.016910000 – 0.015440000 – 0.015100000 – 0.015730000 — 49.446883359326 – 54.932252825326
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –