GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 0.013900000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.014850000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. 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 | 0.017930000 |
| 2nd High | 0.015790000 |
| Next High | 0.014850000 |
| Current Price | 0.014310000 |
| Next Low | 0.013900000 |
| 2nd Low | 0.013450000 |
| 3rd Low | 0.012660000 |
0.014850000 – 0.015790000 – 0.015200000 – 0.013900000 – 0.014560000 – 0.014570000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji