GALA/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.00354672 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.00354 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Tweezers Bottom’ chart pattern is existing. The chart forms ‘Tweezers Bottom’. 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 ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00375 |
| 2nd High | 0.00366 |
| Next High | 0.00354 |
| Current Price | 0.003490000 |
| Next Low | 0.00329 |
| 2nd Low | 0.00328 |
| 3rd Low | 0.00318 |
0.00354 – 0.00351 – 0.00348 – 0.00329 – 0.00328 – 0.00334 —
0.003350000 – 0.003470000 —
41.478372937869 – 64.098901875245 —
– —
0.00354 – 1773234000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Bottom – – –