GALA/USDT – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 0.016890000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.018320000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.018790000 |
| 2nd High | 0.018740000 |
| Next High | 0.018320000 |
| Current Price | 0.017580000 |
| Next Low | 0.016890000 |
| 2nd Low | 0.016740000 |
| 3rd Low | 0.016640000 |
0.017630000 – 0.017490000 – 0.017550000 – 0.016890000 – 0.016890000 – 0.016900000 — 62.728092272422 – 57.599599424454
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Double bottom retreat down – –