GALA/USDT – 30M – SELLThe combination Gala/Tether (GALA/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.00703 is considered certain.
Caution: A possible change in the direction of resistance at 0.00743 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00768 |
| 2nd High | 0.00761 |
| Next High | 0.00743 |
| Current Price | 0.007110000 |
| Next Low | 0.00703 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.00743 – 0.00761 – 0.00768 – 0.00703 – 0.0072 – 0.00734 — 44.321181926054 – 43.338637371522 — 18.589494163424 – 14.0953307393 – 24.071067799995 – 19.161175555877
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –