GALA/USDT – 30M – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support at 0.018310000 will persist.
Caution: A possible change in the direction of the resistance level at 0.018720000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020700000 |
| 2nd High | 0.020200000 |
| Next High | 0.018720000 |
| Current Price | 0.018900000 |
| Next Low | 0.018310000 |
| 2nd Low | 0.017800000 |
| 3rd Low | 0.016460000 |
0.018240000 – 0.017110000 – 0.017610000 – 0.018310000 – 0.017800000 – 0.016460000 — 62.574405258737 – 61.565015525672
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Triple bottom chart pattern – –