GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.00728 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.00761 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
Then a ‘Last Engulfing Top’ candle pattern is discovered. The candles form ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00874 |
| 2nd High | 0.00779 |
| Next High | 0.00761 |
| Current Price | 0.007470000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00761 – 0.00779 – 0.00874 – 0.00728 – 0.00729 – 0.007 — 53.517215358659 – 46.22904085301 — 70.197900859889 – 49.465730905412 – 64.855609885817 – 60.716246523674
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –