GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.00743 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.00761 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Also there is a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00831 |
| 2nd High | 0.00779 |
| Next High | 0.00761 |
| Current Price | 0.007520000 |
| Next Low | 0.00743 |
| 2nd Low | 0.00728 |
| 3rd Low | 0.007 |
0.00761 – 0.00757 – 0.00751 – 0.00743 – 0.00728 – 0.00729 — 55.138202255854 – 52.02670091169 — 71.810655350458 – 68.936508045283 – 56.291639855415 – 65.406431336605
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –