GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) goes from the descending trendline upwards
An ascending movement up to the next resistance level at 0.00659 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 0.00619 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish SBS White Lines’ candle pattern is discovered. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading 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 – Double bottom retreat down – –