GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00659 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00685 |
| 2nd High | 0.00665 |
| Next High | 0.00659 |
| Current Price | 0.005960000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00659 – 0.00665 – 0.00685 – 0.00601 – 0.00625 – 0.00627 —
0.006050000 – 0.006040000 —
37.469151724805 – 47.808799388503 —
– —
0.00659 – 1769187600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –