The combination Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 0.00743 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.00703 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00768 |
| 2nd High | 0.00761 |
| Next High | 0.00743 |
| Current Price | 0.007150000 |
| Next Low | 0.00703 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.00743 – 0.00761 – 0.00768 – 0.00703 – 0.0072 – 0.00734 — 52.701719557932 – 54.054506016247 — 73.787012178514 – 100 – 40.453678845181 – 71.413563674565
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom retreat down – –