Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.007055 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.006820000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00777 |
| 2nd High | 0.00763 |
| Next High | 0.006820000 |
| Current Price | 0.006680000 |
| Next Low | 0.00657 |
| 2nd Low | 0.00634 |
| 3rd Low | 0.00624 |
0.006820000 – 0.00763 – 0.00777 – 0.00657 – 0.00663 – 0.00634 —
0.006820000 – 0.006720000 —
57.941598349215 – 39.707231920006 —
0.006820000 – 1768849200 —
– 1768849200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top chart pattern – –