The combination Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 0.016510000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.017870000 |
2nd High | 0.017660000 |
Next High | 0.016510000 |
Current Price | 0.016330000 |
Next Low | |
2nd Low | |
3rd Low |
0.016510000 – 0.016260000 – 0.017660000 – 0.016130000 – 0.015420000 – 0.014980000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Bullish Belt Hold