GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance level at 0.017480000 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.015960000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.01748 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.017480000 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017870000 |
| 2nd High | 0.017660000 |
| Next High | 0.017480000 |
| Current Price | 0.017710000 |
| Next Low | 0.015960000 |
| 2nd Low | 0.015890000 |
| 3rd Low | 0.015420000 |
0.017480000 – 0.016670000 – 0.016510000 – 0.015960000 – 0.015890000 – 0.016130000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji