GALA/USDT – 1H – BUYThe currency pair Gala/Tether (GALA/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 0.016270000 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.015440000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.01652266 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.016270000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016910000 |
| 2nd High | 0.016700000 |
| Next High | 0.016270000 |
| Current Price | 0.016170000 |
| Next Low | 0.015440000 |
| 2nd Low | 0.015100000 |
| 3rd Low | 0.014820000 |
0.016270000 – 0.016700000 – 0.016910000 – 0.015440000 – 0.015100000 – 0.015550000 — 54.480343853102 – 56.387206404945
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –