GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 0.00526 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00604 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candlestick pattern is discovered. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00659 |
| 2nd High | 0.00617 |
| Next High | 0.00604 |
| Current Price | 0.004920000 |
| Next Low | 0.00526 |
| 2nd Low | 0.00523 |
| 3rd Low | 0.00259 |
0.00604 – 0.00617 – 0.00659 – 0.00526 – 0.00523 – 0.00537 —
0.005290000 – 0.005150000 —
29.131468297337 – 20.150365770896 —
– —
0.00604 – 1769641200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – – –