GALA/USDT – 1H – BUYThe currency pair Gala/Tether (GALA/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 0.017930000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.013790000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish 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 | 0.020350000 |
| 2nd High | 0.017950000 |
| Next High | 0.017930000 |
| Current Price | 0.017780000 |
| Next Low | 0.013790000 |
| 2nd Low | 0.013610000 |
| 3rd Low | 0.013160000 |
0.014490000 – 0.015200000 – 0.014510000 – 0.013790000 – 0.013610000 – 0.014500000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji –