GALA/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 0.00722 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.0079 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00811 |
| 2nd High | 0.00795 |
| Next High | 0.0079 |
| Current Price | 0.007560000 |
| Next Low | 0.00722 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.0079 – 0.00765 – 0.00759 – 0.00722 – 0.00744 – 0.00723 — 52.236726846905 – 51.627514193913 — 85.454025577543 – 82.639311661801 – 70.393727751217 – 80.201167583384
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –