The currency pair Gala/Tether (GALA/USDT) moves from the bullish trendline down.
A descent downwards to the next support line at 0.00634 is expected.
Caution: A possible change in the direction of the resistance level at 0.00777 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
And also a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00815 |
| 2nd High | 0.00796 |
| Next High | 0.00777 |
| Current Price | 0.006350000 |
| Next Low | 0.00634 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.00777 – 0.00775 – 0.00743 – 0.00634 – 0.00691 – 0.00677 —
0.006530000 – 0.006630000 —
36.02939334935 – 43.986121164272 —
– —
0.00777 – 1768719900
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Double top retreat up – –