Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The combination Gala/Tether (GALA/USDT) moves from the ascending trendline down.
A bearish movement down to the next support level at 0.00455 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.00476 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. this 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 success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00496 |
| 2nd High | 0.00483 |
| Next High | 0.00476 |
| Current Price | 0.004550000 |
| Next Low | 0.00455 |
| 2nd Low | 0.0045 |
| 3rd Low | 0.00434 |
0.00476 – 0.00483 – 0.00496 – 0.00455 – 0.0045 – 0.00471 —
0.004670000 – 0.004600000 —
47.847549905167 – 37.236392715075 —
– —
0.00476 – 1770233400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –