GALA/USDT – 1H – BUYIn addition a ‘Double bottom chart pattern’ chart formation is detected. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The pair Gala/Tether (GALA/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.017550000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.017070000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020200000 |
| 2nd High | 0.019150000 |
| Next High | 0.017550000 |
| Current Price | 0.017630000 |
| Next Low | 0.017070000 |
| 2nd Low | 0.015960000 |
| 3rd Low | 0.014820000 |
0.017550000 – 0.017270000 – 0.019150000 – 0.017070000 – 0.015960000 – 0.016330000 — 59.20344938012 – 63.188725347043
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –