GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 0.00728 will continue.
Caution: A possible trend reversal in the direction of the support level at 0.00706 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Separating Lines’ chart pattern is found. The chart shows ‘Bullish Separating Lines’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Separating Lines’ going up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0079 |
| 2nd High | 0.00743 |
| Next High | 0.00728 |
| Current Price | 0.007190000 |
| Next Low | 0.00706 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00572 |
0.00728 – 0.00743 – 0.0079 – 0.00706 – 0.007 – 0.00703 — 50.105844100051 – 56.679183994652 — 57.309254637107 – 74.815249840944 – 52.979657090654 – 62.090735574805
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bullish Separating Lines – Double bottom chart pattern – –