GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.013900000 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.014510000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Collapsing Doji Star’ candle chart pattern is existing. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.015790000 |
| 2nd High | 0.014850000 |
| Next High | 0.014510000 |
| Current Price | 0.014020000 |
| Next Low | 0.013900000 |
| 2nd Low | 0.013450000 |
| 3rd Low | 0.012660000 |
0.014510000 – 0.014850000 – 0.015790000 – 0.013900000 – 0.014560000 – 0.014570000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Collapsing Doji Star