GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 0.017660000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.015960000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020350000 |
| 2nd High | 0.017870000 |
| Next High | 0.017660000 |
| Current Price | 0.017300000 |
| Next Low | 0.015960000 |
| 2nd Low | 0.015890000 |
| 3rd Low | 0.015420000 |
0.016670000 – 0.016510000 – 0.016260000 – 0.015960000 – 0.015890000 – 0.016130000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji