Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Gala/Tether (GALA/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.00471 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.00483 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00549 |
| 2nd High | 0.00494 |
| Next High | 0.00483 |
| Current Price | 0.004680000 |
| Next Low | 0.00471 |
| 2nd Low | 0.0047 |
| 3rd Low | 0.00454 |
0.00483 – 0.00494 – 0.00486 – 0.00471 – 0.0047 – 0.00454 —
0.004830000 – 0.004830000 —
55.482561421058 – 40.540132469996 —
– —
0.00483 – 1770093000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –