GALA/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 0.0076 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.00791 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 0.00783082 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.00791 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00874 |
| 2nd High | 0.00831 |
| Next High | 0.00791 |
| Current Price | 0.007820000 |
| Next Low | 0.0076 |
| 2nd Low | 0.00754 |
| 3rd Low | 0.00728 |
0.00791 – 0.00789 – 0.00787 – 0.0076 – 0.00767 – 0.00754 — 50.828183129859 – 50.828183129859 — 39.915903847585 – 25.969338393987 – 34.10600028646 – 35.458950442692
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –