Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.0036 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.00366 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Inverted Hammer’ chart pattern is found. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00387 |
| 2nd High | 0.00375 |
| Next High | 0.00366 |
| Current Price | 0.003530000 |
| Next Low | 0.00345 |
| 2nd Low | 0.00339 |
| 3rd Low | 0.00336 |
0.00366 – 0.00375 – 0.0037 – 0.00345 – 0.00353 – 0.00352 —
0.003570000 – 0.003550000 —
53.102468276213 – 44.888436642576 —
– —
0.00366 – 1772706600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Inverted Hammer – – –