The pair Gala/Tether (GALA/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.020970000 is likely expected.
Caution: A possible change in the direction of the support line at 0.019760000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.
There is also a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021910000 |
| 2nd High | 0.021520000 |
| Next High | 0.020970000 |
| Current Price | 0.020600000 |
| Next Low | 0.019760000 |
| 2nd Low | 0.019340000 |
| 3rd Low | 0.018090000 |
0.020970000 – 0.020570000 – 0.019340000 – 0.019760000 – 0.019340000 – 0.018090000
Trading Signals: FOREX – GALA – GALA/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern