The combination Gala/Tether (GALA/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.00723 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.00759 could occur.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
And also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0078 |
| 2nd High | 0.00762 |
| Next High | 0.00759 |
| Current Price | 0.007510000 |
| Next Low | 0.00723 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.00759 – 0.00638 – 0.00591 – 0.00723 – 0.00624 – 0.00582 — 54.603436639925 – 49.597524067877 — 16.175616233712 – 9.804409771212 – 25.147315129886 – 15.886980016783
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –