The combination Gala/Tether (GALA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.00728 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.00955 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.01167 |
| 2nd High | 0.01089 |
| Next High | 0.00955 |
| Current Price | 0.007780000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00955 – 0.01089 – 0.0107 – 0.00728 – 0.007 – 0.00827 — 51.339619228716 – 47.743753527017 — 13.103865947807 – 2.9476303585567 – 31.208381044082 – 16.199680084462
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –