The combination Gala/Tether (GALA/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.00722 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.0079 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00707 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.0079 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00811 |
| 2nd High | 0.00795 |
| Next High | 0.0079 |
| Current Price | 0.007420000 |
| Next Low | 0.00722 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.0079 – 0.00765 – 0.00759 – 0.00722 – 0.00744 – 0.00723 — 47.703396146811 – 42.97737210049 — 74.641223973536 – 53.802279869456 – 77.820749821625 – 69.402034523522