GALA/USDT – 30M – SELLBesides a ‘Double bottom retreat down’ chart pattern is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.
The combination Gala/Tether (GALA/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.016890000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.018320000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.018790000 |
| 2nd High | 0.018740000 |
| Next High | 0.018320000 |
| Current Price | 0.017580000 |
| Next Low | 0.016890000 |
| 2nd Low | 0.016740000 |
| 3rd Low | 0.016640000 |
0.017630000 – 0.017490000 – 0.017550000 – 0.016890000 – 0.016890000 – 0.016900000 — 62.728092272422 – 57.599599424454
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Double bottom retreat down – –