The combination Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.00197 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.00212 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00224 |
| 2nd High | 0.00219 |
| Next High | 0.00212 |
| Current Price | 0.002025000 |
| Next Low | 0.00197 |
| 2nd Low | |
| 3rd Low |
0.00212 – 0.00205 – 0.00206 – 0.00197 – 0.00198 – 0.002 —
0.002076000 – 0.002041000 —
49.318973023113 – 42.149897081395 —
– —
0.00212 – 1784239200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –