GALA/USDT – 1H – SELLThe pair Gala/Tether (GALA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.00659 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00685 |
| 2nd High | 0.00665 |
| Next High | 0.00659 |
| Current Price | 0.006070000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00659 – 0.00665 – 0.00685 – 0.005930000 – 0.00601 – 0.00625 —
0.006020000 – 0.006160000 —
31.793203942819 – 50.603359878569 —
0.005930000 – 1769522400 —
0.00659 – 1769187600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – – –