GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 0.017660000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.014980000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020350000 |
| 2nd High | 0.017870000 |
| Next High | 0.017660000 |
| Current Price | 0.016430000 |
| Next Low | 0.014980000 |
| 2nd Low | 0.014800000 |
| 3rd Low | 0.014340000 |
0.016260000 – 0.017660000 – 0.017870000 – 0.014980000 – 0.016950000 – 0.016240000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Three White Soldiers