GALA/USDT – 30M – BUYThe pair Gala/Tether (GALA/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 0.017480000 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.015960000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency 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 | 0.017870000 |
| 2nd High | 0.017660000 |
| Next High | 0.017480000 |
| Current Price | 0.017030000 |
| Next Low | 0.015960000 |
| 2nd Low | 0.015890000 |
| 3rd Low | 0.015420000 |
0.017480000 – 0.016670000 – 0.016400000 – 0.015960000 – 0.015890000 – 0.016130000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji