The pair Gala/Tether (GALA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.00335 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.00366 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
There is also a ‘StochRSI Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochRSI Hidden Bearish Divergence’. which could be a negative signal. The currency pair could go down.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00415 |
| 2nd High | 0.00375 |
| Next High | 0.00366 |
| Current Price | 0.003580000 |
| Next Low | 0.00335 |
| 2nd Low | 0.00328 |
| 3rd Low | 0.00318 |
0.00366 – 0.00354 – 0.00375 – 0.00335 – 0.00328 – 0.00318 —
0.003490000 – 0.003660000 —
51.410267886106 – 66.056095146866 —
– —
0.00366 – 1773432000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – – –