GALA/USDT – 30M – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.016070000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.016390000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.016700000 |
| 2nd High | 0.016450000 |
| Next High | 0.016390000 |
| Current Price | 0.016210000 |
| Next Low | 0.016070000 |
| 2nd Low | 0.015750000 |
| 3rd Low | 0.015440000 |
0.016390000 – 0.016360000 – 0.016060000 – 0.016070000 – 0.015750000 – 0.015820000 — 51.758832944761 – 48.481923651474
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –