GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.00876 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 0.00827 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.00891 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.00876 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00955 |
| 2nd High | 0.00902 |
| Next High | 0.00876 |
| Current Price | 0.008860000 |
| Next Low | 0.00827 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00876 – 0.00902 – 0.00955 – 0.00827 – 0.00893 – 0.00876 — 58.168284329259 – 63.378910083858 — 68.917683546482 – 79.765886287625 – 68.588119651479 – 70.678681860526
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –