Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 0.015960000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.017950000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.020970000 |
| 2nd High | 0.019150000 |
| Next High | 0.017950000 |
| Current Price | 0.015830000 |
| Next Low | 0.015960000 |
| 2nd Low | 0.014810000 |
| 3rd Low | 0.013610000 |
0.017950000 – 0.019150000 – 0.018370000 – 0.015960000 – 0.016460000 – 0.014810000 — 39.21337165196 – 35.26245341542
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –