The combination Gala/Tether (GALA/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 0.016380000 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.015440000 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016700000 |
| 2nd High | 0.016390000 |
| Next High | 0.016380000 |
| Current Price | 0.016390000 |
| Next Low | 0.015440000 |
| 2nd Low | 0.015100000 |
| 3rd Low | 0.015010000 |
0.016380000 – 0.016390000 – 0.016270000 – 0.015440000 – 0.015670000 – 0.015880000 — 71.005090685771 – 76.703214273547
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double bottom chart pattern – –