Moreover a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The combination Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 0.016440000 is expected.
Caution: A possible trend reversal in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017350000 |
| 2nd High | 0.016730000 |
| Next High | 0.016440000 |
| Current Price | 0.016480000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.016440000 – 0.016160000 – 0.016730000 – 0.016000000 – 0.015750000 – 0.015730000 — 60.698834849117 – 71.055786098447
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –