GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.00827 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.00891 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00955 |
| 2nd High | 0.00902 |
| Next High | 0.00891 |
| Current Price | 0.008050000 |
| Next Low | 0.00827 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00891 – 0.00876 – 0.00902 – 0.00827 – 0.00893 – 0.00876 — 29.716909453712 – 29.401868578228 — 6.8861707675532 – 6.8861707675532 – 11.582927147132 – 7.023199455172
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –