GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) jumps from the descending trendline up.
A bullish trend up to the next resistance at 0.00659 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.00619 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Bearish SBS White Lines’ candle pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00685 |
| 2nd High | 0.00665 |
| Next High | 0.00659 |
| Current Price | 0.006220000 |
| Next Low | 0.00619 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.00659 – 0.00665 – 0.00685 – 0.00625 – 0.00627 – 0.00619 —
0.006380000 – 0.006240000 —
48.834087567629 – 36.223004954205 —
– —
0.00659 – 1769187600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish SBS White Lines – – –