GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.007 is certain.
Caution: A possible change in the direction of resistance at 0.00874 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00902 |
| 2nd High | 0.00891 |
| Next High | 0.00874 |
| Current Price | 0.007540000 |
| Next Low | 0.007 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00874 – 0.00891 – 0.00876 – 0.007 – 0.00784 – 0.00798 — 44.63194169495 – 41.018134341216 — 95.542817439639 – 84.828903943026 – 93.417847900455 – 93.457240460888
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –