Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.003945 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.00407 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Inverted Hammer’ candlestick chart pattern is detected. The candles show ‘Inverted Hammer’. 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 chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00418 |
| 2nd High | 0.00415 |
| Next High | 0.00407 |
| Current Price | 0.003900000 |
| Next Low | 0.00382 |
| 2nd Low | 0.0034 |
| 3rd Low | 0.00259 |
0.00407 – 0.00396 – 0.00407 – 0.0039 – 0.00382 – 0.00393 —
0.003940000 – 0.003880000 —
43.958633431282 – 29.543370459407 —
– —
0.00407 – 1770892200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Inverted Hammer – Head and Shoulder chart pattern – –