GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.00434 is certain.
Caution: A possible change in the direction of the resistance line at 0.004910000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00604 |
| 2nd High | 0.00549 |
| Next High | 0.004910000 |
| Current Price | 0.004780000 |
| Next Low | 0.00434 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.004910000 – 0.0049 – 0.00549 – 0.00434 – 0.00512 – 0.00526 —
0.004910000 – 0.004820000 —
50.235665252815 – 43.047090161764 —
0.004910000 – 1769931000 —
– 1769931000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – – –