The currency pair Gala/Tether (GALA/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support line at 0.00312 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.00334 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00372 |
| 2nd High | 0.00352 |
| Next High | 0.00334 |
| Current Price | 0.003600000 |
| Next Low | 0.00312 |
| 2nd Low | 0.00287 |
| 3rd Low | 0.00277 |
0.00334 – 0.00352 – 0.00307 – 0.00312 – 0.00314 – 0.00287 —
0.003250000 – 0.003840000 —
51.729623714682 – 78.138330190798 —
– —
0.00334 – 1776873600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –