GALA/USDT – 1H – SELLThe combination Gala/Tether (GALA/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.00728 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.00787 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00891 |
| 2nd High | 0.00874 |
| Next High | 0.00787 |
| Current Price | 0.007640000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00787 – 0.00766 – 0.00761 – 0.00728 – 0.00728 – 0.00729 — 51.049043609041 – 50.132117820144 — 31.639413452913 – 30.547495487691 – 32.16706818576 – 33.626005636481
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – – –