Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Gala/Tether (GALA/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support level at 0.0047 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.00494 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Next a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00617 |
| 2nd High | 0.00604 |
| Next High | 0.00494 |
| Current Price | 0.004740000 |
| Next Low | 0.0047 |
| 2nd Low | 0.00454 |
| 3rd Low | 0.00434 |
0.00494 – 0.00486 – 0.00491 – 0.0047 – 0.00454 – 0.00434 —
0.004830000 – 0.004960000 —
53.627840529674 – 58.380916940174 —
– —
0.00494 – 1770044400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –