GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.00779 is likely expected.
Caution: A possible change in the direction of the support line at 0.007 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.007955 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.00779 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00891 |
| 2nd High | 0.00874 |
| Next High | 0.00779 |
| Current Price | 0.007480000 |
| Next Low | 0.007 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00779 – 0.00874 – 0.00891 – 0.007 – 0.00784 – 0.00798 — 42.879448075029 – 43.824872810765 — 32.442239653607 – 39.231271777003 – 40.300521349899 – 34.941218620229
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – – –