GALA/USDT – 1H – SELLThe combination Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.015440000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.016700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.015631 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.016700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.017350000 |
| 2nd High | 0.016910000 |
| Next High | 0.016700000 |
| Current Price | 0.016080000 |
| Next Low | 0.015440000 |
| 2nd Low | 0.015100000 |
| 3rd Low | 0.014820000 |
0.016700000 – 0.016910000 – 0.016440000 – 0.015440000 – 0.015100000 – 0.015550000 — 55.613911021035 – 52.400941888066
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – – Double bottom chart pattern – –