The pair Gala/Tether (GALA/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.00268 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.00319 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00345 |
| 2nd High | 0.00339 |
| Next High | 0.00319 |
| Current Price | 0.002550000 |
| Next Low | 0.00268 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00319 – 0.00318 – 0.00339 – 0.00301 – 0.00295 – 0.00312 —
0.002880000 – 0.002670000 —
32.60187295158 – 28.02678624692 —
– —
0.00319 – 1780257600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – – –