GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.019340000 is certain.
Caution: A possible change in the direction of resistance at 0.020970000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.023470000 |
| 2nd High | 0.021910000 |
| Next High | 0.020970000 |
| Current Price | 0.020010000 |
| Next Low | 0.019340000 |
| 2nd Low | 0.018090000 |
| 3rd Low | 0.018080000 |
0.020970000 – 0.020570000 – 0.020480000 – 0.019340000 – 0.018090000 – 0.018080000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern