GALA/USDT – 30M – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.00798 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.00855 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00902 |
| 2nd High | 0.00891 |
| Next High | 0.00855 |
| Current Price | 0.008400000 |
| Next Low | 0.00798 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00855 – 0.00891 – 0.00876 – 0.00798 – 0.00829 – 0.00827 — 57.117512379363 – 56.019526593471 — 93.33893759257 – 79.959760369745 – 97.77964586419 – 91.099565987438
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Double bottom chart pattern – –