GALA/USDT – 1H – SELLNext a ‘Double top chart pattern’ chart formation is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
The pair Gala/Tether (GALA/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support at 0.00572 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.00726 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Next a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00743 |
| 2nd High | 0.00728 |
| Next High | 0.00726 |
| Current Price | 0.006840000 |
| Next Low | 0.00572 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00726 – 0.00724 – 0.00728 – 0.00687 – 0.00706 – 0.007 — 38.681730705975 – 36.074290307696 — 22.642768710671 – 18.01276025528 – 21.984033214588 – 21.878584753736
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Double top chart pattern – –