GALA/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 0.019340000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.020570000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023470000 |
| 2nd High | 0.021910000 |
| Next High | 0.020570000 |
| Current Price | 0.019870000 |
| Next Low | 0.019340000 |
| 2nd Low | 0.018090000 |
| 3rd Low | 0.018080000 |
0.020570000 – 0.020480000 – 0.018920000 – 0.019340000 – 0.018090000 – 0.018080000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern