GALA/USDT – 1H – BUY

The currency pair Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards

An ascent upwards to the next resistance level at 0.00494 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 0.0047 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.00519 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.00494 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.00494 – 0.00486 – 0.00491 – 0.0047 – 0.00454 – 0.00434 —
0.004830000 – 0.004750000 —
40.985906426226 – 47.403835586426 —
– —
0.00494 – 1770044400

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Up – – –