And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Gala/Tether (GALA/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.00345 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.00366 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00415 |
| 2nd High | 0.00375 |
| Next High | 0.00366 |
| Current Price | 0.003390000 |
| Next Low | 0.00345 |
| 2nd Low | 0.00339 |
| 3rd Low | 0.00336 |
0.00366 – 0.00375 – 0.00362 – 0.00345 – 0.00339 – 0.00343 —
0.003550000 – 0.003500000 —
44.251540215925 – 42.836323042082 —
– —
0.00366 – 1772704800
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –