GALA/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.019340000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.020970000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023470000 |
| 2nd High | 0.021910000 |
| Next High | 0.020970000 |
| Current Price | 0.020100000 |
| Next Low | 0.019340000 |
| 2nd Low | 0.018090000 |
| 3rd Low | 0.018080000 |
0.020970000 – 0.020570000 – 0.020480000 – 0.019340000 – 0.018090000 – 0.018080000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern