GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support at 0.015960000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.017480000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017870000 |
| 2nd High | 0.017660000 |
| Next High | 0.017480000 |
| Current Price | 0.016960000 |
| 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 – Three Outside Down