Then a ‘Double top retreat up’ chart layout is detected. The chart forms ‘Double top retreat up’. which is a bullish pattern signal. The currency pair is likely to rise.
The currency pair Gala/Tether (GALA/USDT) moves from the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.00726 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.00687 should be noted.
Consider stop-loss settings accordingly.
Then a ‘%K cross above 20’ indicator layout is discovered. The indicator is ‘%K cross above 20’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘Bullish Belt Hold’ candlestick pattern is found. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00743 |
| 2nd High | 0.00728 |
| Next High | 0.00726 |
| Current Price | 0.006930000 |
| Next Low | 0.00687 |
| 2nd Low | 0.00624 |
| 3rd Low | 0.00582 |
0.00726 – 0.00724 – 0.00724 – 0.00687 – 0.00706 – 0.007 — 33.636200452416 – 45.915500565577 — 0.014390145628281 – 33.333333333333 – 8.9830289720566 – 13.363228161425
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bullish Belt Hold – Double top retreat up – –