The combination Gala/Tether (GALA/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.00197 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.00212 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Southern Doji’ candle chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00224 |
| 2nd High | 0.00219 |
| Next High | 0.00212 |
| Current Price | 0.002024000 |
| Next Low | 0.00197 |
| 2nd Low | |
| 3rd Low |
0.00212 – 0.00205 – 0.00206 – 0.00197 – 0.00198 – 0.002 —
0.002068000 – 0.002041000 —
45.667040066062 – 37.999707391986 —
– —
0.00212 – 1784239200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –