Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 0.015960000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.017950000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going 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 – –