GALA/USDT – 30M – SELLAdditionally a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.00728 will persist.
Caution: A possible change in the direction of resistance at 0.00766 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.00728 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.00766 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00831 |
| 2nd High | 0.00779 |
| Next High | 0.00766 |
| Current Price | 0.007300000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00766 – 0.00759 – 0.0076 – 0.00734 – 0.00744 – 0.00743 — 42.523466516108 – 38.862638237699 — 49.947794634956 – 53.59992128223 – 38.2309778305 – 48.16506858371
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Inside Down – Double top chart pattern – –