The combination Gala/Tether (GALA/USDT) goes from the bearish trendline upwards
The bullish trend upwards to the next resistance line at 0.0041 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.0034 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Inverted Hammer’ candle chart pattern is found. The candles form ‘Inverted Hammer’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00421 |
| 2nd High | 0.00413 |
| Next High | 0.0041 |
| Current Price | 0.003800000 |
| Next Low | 0.0034 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.0041 – 0.00413 – 0.00421 – 0.00385 – 0.00401 – 0.00402 —
0.003810000 – 0.003780000 —
22.834454578966 – 33.247724785794 —
– —
0.0041 – 1771401600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Inverted Hammer – – –