There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.017480000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.018370000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020200000 |
| 2nd High | 0.018720000 |
| Next High | 0.018370000 |
| Current Price | 0.017740000 |
| Next Low | 0.017480000 |
| 2nd Low | 0.017140000 |
| 3rd Low | 0.017110000 |
0.018370000 – 0.018040000 – 0.018280000 – 0.017480000 – 0.017140000 – 0.017110000 — 51.146915267702 – 43.540514648155
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –