GALA/USDT – 1H – BUYThe pair Gala/Tether (GALA/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 0.00791 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 0.0076 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00891 |
| 2nd High | 0.00874 |
| Next High | 0.00791 |
| Current Price | 0.007990000 |
| Next Low | 0.0076 |
| 2nd Low | 0.00754 |
| 3rd Low | 0.00728 |
0.00791 – 0.00789 – 0.00787 – 0.0076 – 0.00754 – 0.00728 — 61.097807952826 – 65.097393679538 — 74.061819764911 – 92.421999709766 – 47.275213905733 – 69.070768635418
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top retreat up – –