GALA/USDT – 30M – SELLThe combination Gala/Tether (GALA/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.00729 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00779 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.007 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 0.00779 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00874 |
| 2nd High | 0.00831 |
| Next High | 0.00779 |
| Current Price | 0.007350000 |
| Next Low | 0.00729 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00779 – 0.00831 – 0.00874 – 0.00729 – 0.007 – 0.00784 — 40.081706669984 – 38.963241142402 — 52.228147019615 – 34.42843814172 – 59.902875642735 – 51.829306291849
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –