The currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support at 0.015680000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.016730000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.01608 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.016730000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017950000 |
| 2nd High | 0.016980000 |
| Next High | 0.016730000 |
| Current Price | 0.015830000 |
| Next Low | 0.015680000 |
| 2nd Low | 0.015360000 |
| 3rd Low | 0.015010000 |
0.016730000 – 0.016980000 – 0.017950000 – 0.016080000 – 0.016290000 – 0.016350000 — 32.012022465718 – 31.002519778913
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –