The pair Gala/Tether (GALA/USDT) goes from the ascending trendline down.
A descent downwards to the next support level at 0.017720000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.018650000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.018790000 |
| 2nd High | 0.018750000 |
| Next High | 0.018650000 |
| Current Price | 0.018250000 |
| Next Low | 0.017720000 |
| 2nd Low | 0.016650000 |
| 3rd Low | 0.016540000 |
0.018650000 – 0.018220000 – 0.017180000 – 0.017720000 – 0.016650000 – 0.016690000 — 52.909265680678 – 50.520025977268
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – – –