The pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.00318 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.00375 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00421 |
| 2nd High | 0.00415 |
| Next High | 0.00375 |
| Current Price | 0.003330000 |
| Next Low | 0.00318 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00375 – 0.00415 – 0.00406 – 0.00318 – 0.00339 – 0.00336 —
0.003480000 – 0.003380000 —
51.140255258787 – 45.62890814092 —
– —
0.00375 – 1772640000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – – –