GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.0079 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.00722 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00811 |
| 2nd High | 0.00795 |
| Next High | 0.0079 |
| Current Price | 0.007540000 |
| Next Low | 0.00722 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.0079 – 0.00759 – 0.00636 – 0.00722 – 0.00723 – 0.00572 — 45.363695663299 – 53.982868602054 — 43.671921709305 – 54.168760965149 – 39.153902572859 – 45.691721901842
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bullish Belt Hold – Triple bottom chart pattern – –