GALA/USDT – 30M – SELLThe combination Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.00728 is expected.
Caution: A possible change in the direction of the resistance level at 0.00761 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00831 |
| 2nd High | 0.00779 |
| Next High | 0.00761 |
| Current Price | 0.007520000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00761 – 0.00757 – 0.00751 – 0.00728 – 0.00729 – 0.007 — 52.933397943261 – 52.933397943261 — 46.679544275724 – 44.193450304949 – 47.156492759326 – 46.679544275724
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Inverse Head and Shoulder chart pattern – –