The pair Gala/Tether (GALA/USDT) moves from the descending trendline up.
An ascent upwards to the next resistance level at 0.00604 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.00572 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00617 |
| 2nd High | 0.00608 |
| Next High | 0.00604 |
| Current Price | 0.005780000 |
| Next Low | 0.00572 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00604 – 0.00608 – 0.00617 – 0.00587 – 0.00597 – 0.00598 —
0.005870000 – 0.005770000 —
37.184698408096 – 27.814577574335 —
– —
0.00604 – 1769641200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Up – Head and Shoulder chart pattern – –