The pair Gala/Tether (GALA/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 0.00201 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.00223 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00232 |
| 2nd High | 0.00224 |
| Next High | 0.00223 |
| Current Price | 0.002133000 |
| Next Low | 0.00201 |
| 2nd Low | 0.00197 |
| 3rd Low |
0.00223 – 0.00212 – 0.00205 – 0.00201 – 0.00197 – 0.00198 —
0.002108000 – 0.002142000 —
49.808608808199 – 59.700470938563 —
– —
0.00223 – 1784314800
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – – –