GALA/USDT – 1H – BUYThe currency pair Gala/Tether (GALA/USDT) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.00494 will continue.
Caution: A possible change in the direction of the support level at 0.0047 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00617 |
| 2nd High | 0.00604 |
| Next High | 0.00494 |
| Current Price | 0.004840000 |
| Next Low | 0.0047 |
| 2nd Low | 0.00454 |
| 3rd Low | 0.00434 |
0.00494 – 0.00486 – 0.00491 – 0.0047 – 0.00454 – 0.00434 —
0.004800000 – 0.004830000 —
49.953649237513 – 53.627840274155 —
– —
0.00494 – 1770044400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –