GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 0.00902 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.00827 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.00891 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.00902 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going 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 | 0.008640000 |
| Next Low | 0.00827 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00902 – 0.00955 – 0.00944 – 0.00827 – 0.00893 – 0.00876 — 47.737608630882 – 51.122276655677 — 79.026007899247 – 77.557940233997 – 87.456524978109 – 81.118190625233
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top retreat up – –