GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) jumps from the descending trendline up.
An ascending movement up to the next resistance at 0.00659 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.00619 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00685 |
| 2nd High | 0.00665 |
| Next High | 0.00659 |
| Current Price | 0.006220000 |
| Next Low | 0.00619 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.00659 – 0.00665 – 0.00685 – 0.00625 – 0.00627 – 0.00619 —
0.006380000 – 0.006240000 —
48.834087567629 – 36.223004954205 —
– —
0.00659 – 1769187600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish SBS White Lines – – –