The currency pair Gala/Tether (GALA/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance level at 0.00874 will continue.
Caution: A possible counter-trend in the direction of the support zone at 0.00798 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The 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 | 0.00902 |
| 2nd High | 0.00891 |
| Next High | 0.00874 |
| Current Price | 0.008130000 |
| Next Low | 0.00798 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00874 – 0.00855 – 0.00891 – 0.00798 – 0.00829 – 0.00827 — 40.625886364577 – 42.067437112282 — 26.443300492646 – 33.169328403769 – 24.265877048738 – 27.554034362938
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Triple top chart pattern – –