Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support at 0.00662 is expected.
Caution: A possible change in the direction of the resistance zone at 0.006780000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00763 |
| 2nd High | 0.00682 |
| Next High | 0.006780000 |
| Current Price | 0.006560000 |
| Next Low | 0.00662 |
| 2nd Low | 0.00657 |
| 3rd Low | 0.00634 |
0.006780000 – 0.00682 – 0.00763 – 0.00662 – 0.00657 – 0.00663 —
0.006780000 – 0.006670000 —
48.506869417755 – 42.927350042434 —
0.006780000 – 1768878000 —
– 1768878000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –