The pair Gala/Tether (GALA/USDT) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 0.020570000 will continue.
Caution: A possible trend reversal in the direction of support at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. 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 | 0.021910000 |
| 2nd High | 0.021520000 |
| Next High | 0.020570000 |
| Current Price | 0.020420000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.020570000 – 0.019340000 – 0.020300000 – 0.019340000 – 0.018090000 – 0.018080000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji – Double bottom retreat down