GALA/USDT – 1H – SELLMoreover a ‘Double bottom retreat down’ chart pattern is discovered. The chart forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Gala/Tether (GALA/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support at 0.017070000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.017550000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020200000 |
| 2nd High | 0.019150000 |
| Next High | 0.017550000 |
| Current Price | 0.017450000 |
| Next Low | 0.017070000 |
| 2nd Low | 0.015960000 |
| 3rd Low | 0.014820000 |
0.017550000 – 0.017270000 – 0.019150000 – 0.017070000 – 0.015960000 – 0.016330000 — 64.002253428293 – 57.190096831295
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Double bottom retreat down – –