The pair Gala/Tether (GALA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.00639 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.00582 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00665 |
| 2nd High | 0.00659 |
| Next High | 0.00639 |
| Current Price | 0.006100000 |
| Next Low | 0.00582 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.00639 – 0.00659 – 0.00665 – 0.0062 – 0.00627 – 0.00625 —
0.006090000 – 0.006040000 —
30.979555050512 – 32.512209198883 —
– —
0.00639 – 1769243400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Up – – –