GALA/USDT – 4H – BUYThe currency pair Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance at 0.00375 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.00318 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Bottom’ candlestick pattern is existing. The candles form ‘Tweezers Bottom’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00421 |
| 2nd High | 0.00415 |
| Next High | 0.00375 |
| Current Price | 0.003400000 |
| Next Low | 0.00318 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00375 – 0.00415 – 0.00406 – 0.00318 – 0.00339 – 0.00336 —
0.003310000 – 0.003480000 —
34.361059960313 – 51.140255300091 —
– —
0.00375 – 1772640000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Bottom – Rising Wedge Chart Pattern – –