GALA/USDT – 1H – SELLThe pair Gala/Tether (GALA/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.00728 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.00761 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00874 |
| 2nd High | 0.00779 |
| Next High | 0.00761 |
| Current Price | 0.007470000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00761 – 0.00779 – 0.00874 – 0.00728 – 0.00729 – 0.007 — 46.506858477501 – 46.506858477501 — 23.10157790927 – 24.637221752606 – 40.342781717072 – 31.88957111297
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –