GALA/USDT – 30M – BUYThe currency pair Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.00751 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.00728 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.00787 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.00751 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 0.00831 |
| 2nd High | 0.00779 |
| Next High | 0.00751 |
| Current Price | 0.007410000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00751 – 0.00779 – 0.00831 – 0.00728 – 0.00729 – 0.007 — 47.532502475511 – 48.75924545986 — 31.143577112431 – 22.469995286269 – 42.889432890054 – 31.170130044904
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – – –