There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support level at is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.016450000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
There is also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016910000 |
| 2nd High | 0.016700000 |
| Next High | 0.016450000 |
| Current Price | 0.015900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.016450000 – 0.016380000 – 0.016390000 – 0.015440000 – 0.015670000 – 0.015880000 — 47.330846299425 – 44.603116315704
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –