GALA/USDT – 30M – BUYThe currency pair Gala/Tether (GALA/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.017950000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.016860000 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021520000 |
| 2nd High | 0.020350000 |
| Next High | 0.017950000 |
| Current Price | 0.017720000 |
| Next Low | 0.016860000 |
| 2nd Low | 0.015960000 |
| 3rd Low | 0.015890000 |
0.017950000 – 0.017480000 – 0.016670000 – 0.016860000 – 0.015960000 – 0.015890000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji