Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Gala/Tether (GALA/USDT) moves from the ascending trendline down.
A descent downwards to the next support at 0.019760000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.020970000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.021910000 |
| 2nd High | 0.021520000 |
| Next High | 0.020970000 |
| Current Price | 0.020010000 |
| 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 – – Rising Wedge Chart Pattern