Also there is a ‘Double bottom retreat down’ chart layout is detected. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support level at 0.00744 is expected.
Caution: A possible change in the direction of the resistance zone at 0.00765 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00782 |
| 2nd High | 0.0078 |
| Next High | 0.00765 |
| Current Price | 0.007610000 |
| Next Low | 0.00744 |
| 2nd Low | 0.00723 |
| 3rd Low | 0.00624 |
0.00765 – 0.00759 – 0.00638 – 0.00744 – 0.00723 – 0.00624 — 60.344312988511 – 48.259634622224 — 63.793563404895 – 30.460230071561 – 77.570551494807 – 56.545271174599
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom retreat down – –