GALA/USDT – 30M – BUY

The currency pair Gala/Tether (GALA/USDT) breaks through the descending trendline upwards

An ascent up to the next resistance line at 0.00691 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.00664 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish 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 expected. Current target is 0.007175 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.00691 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.00691 – 0.00698 – 0.00778 – 0.00664 – 0.00657 – 0.00682 — 66.558904232835 – 67.592434922059 — 100 – 100 – 100 – 100

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – – –