In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00791 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00874 |
| 2nd High | 0.00831 |
| Next High | 0.00791 |
| Current Price | 0.007760000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00791 – 0.00789 – 0.00787 – 0.00776 – 0.0076 – 0.00767 — 44.742314586032 – 40.345721966126 — 40.517349367406 – 21.761868971565 – 52.621195039459 – 39.515219842165
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – – Rising Wedge Chart Pattern – –