GALA/USDT – 1H – SELLThe pair Gala/Tether (GALA/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 0.00728 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.00787 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00891 |
| 2nd High | 0.00874 |
| Next High | 0.00787 |
| Current Price | 0.007650000 |
| Next Low | 0.00728 |
| 2nd Low | 0.007 |
| 3rd Low | 0.00259 |
0.00787 – 0.00766 – 0.00761 – 0.00728 – 0.00728 – 0.00729 — 56.069487793331 – 52.290755901094 — 27.887568973272 – 14.168859295853 – 43.454803233845 – 30.245995756317
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –