The currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.00582 will continue.
Caution: A possible change in the direction of resistance at 0.00639 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00665 |
| 2nd High | 0.00659 |
| Next High | 0.00639 |
| Current Price | 0.006070000 |
| Next Low | 0.00582 |
| 2nd Low | 0.00572 |
| 3rd Low | 0.00259 |
0.00639 – 0.00659 – 0.00665 – 0.0062 – 0.00627 – 0.00625 —
0.006100000 – 0.006140000 —
20.966975617218 – 36.522796666134 —
– —
0.00639 – 1769243400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Double top retreat up – –