GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the ascending trendline downwards
A bearish trend down to the next support at 0.013450000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.015790000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017950000 |
| 2nd High | 0.017930000 |
| Next High | 0.015790000 |
| Current Price | 0.014130000 |
| Next Low | 0.013450000 |
| 2nd Low | 0.012070000 |
| 3rd Low | 0.011750000 |
0.015790000 – 0.015290000 – 0.015290000 – 0.014560000 – 0.014570000 – 0.014720000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Three Black Crows