GALA/USDT – 1H – SELLThe pair Gala/Tether (GALA/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.00691 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.00777 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00795 |
| 2nd High | 0.0079 |
| Next High | 0.00777 |
| Current Price | 0.007530000 |
| Next Low | 0.00691 |
| 2nd Low | 0.00677 |
| 3rd Low | 0.00572 |
0.00777 – 0.0077 – 0.00775 – 0.00691 – 0.00719 – 0.00677 — 65.349643846201 – 60.088779363442 — 57.696973575433 – 55.434688076844 – 58.898967966628 – 57.358254238618
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Top – – –