The currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 0.00678 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 0.00634 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Moreover a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.007055 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00678 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00763 |
| 2nd High | 0.00682 |
| Next High | 0.00678 |
| Current Price | 0.006800000 |
| Next Low | 0.00634 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.00678 – 0.00682 – 0.00763 – 0.00662 – 0.00657 – 0.00663 —
0.006580000 – 0.006580000 —
37.019149789278 – 37.092063381082 —
– —
0.00678 – 1768878000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top chart pattern – –