GALA/USDT – 30M – BUYThe combination Gala/Tether (GALA/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 0.00902 will persist.
Caution: A possible counter-trend in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.00891 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.00902 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.01007 |
| 2nd High | 0.00955 |
| Next High | 0.00902 |
| Current Price | 0.008710000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00902 – 0.00955 – 0.00925 – 0.00827 – 0.00828 – 0.00893 — 56.700355590099 – 59.022106024503 — 86.643539014703 – 89.371838289828 – 78.501143078004 – 83.623332637178
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – – –