Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00370602 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.00423 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00476 |
| 2nd High | 0.00445 |
| Next High | 0.00423 |
| Current Price | 0.004100000 |
| Next Low | 0.0034 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00423 – 0.00445 – 0.00476 – 0.00414 – 0.00424 – 0.0034 —
0.004170000 – 0.004150000 —
42.858959928025 – 43.180658037569 —
– —
0.00423 – 1770541200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –