GALA/USDT – 1H – BUYThe combination Gala/Tether (GALA/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.014100000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 0.013160000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.01447 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 0.014100000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive signal. The 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 | 0.014660000 |
| 2nd High | 0.014470000 |
| Next High | 0.014100000 |
| Current Price | 0.014090000 |
| Next Low | 0.013160000 |
| 2nd Low | 0.013120000 |
| 3rd Low | 0.012480000 |
0.014100000 – 0.013720000 – 0.013930000 – 0.013160000 – 0.013120000 – 0.013400000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji – Double bottom retreat down