GALA/USDT – 30M – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.00587 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.00608 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.00587 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 0.00608 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00639 |
| 2nd High | 0.00617 |
| Next High | 0.00608 |
| Current Price | 0.005950000 |
| Next Low | 0.00587 |
| 2nd Low | 0.00582 |
| 3rd Low | 0.00572 |
0.00608 – 0.00617 – 0.00639 – 0.00587 – 0.00597 – 0.00598 —
0.005950000 – 0.006030000 —
36.683101779898 – 59.172239402178 —
– —
0.00608 – 1769594400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –