The pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.0034 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.00423 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00476 |
| 2nd High | 0.00445 |
| Next High | 0.00423 |
| Current Price | 0.004070000 |
| Next Low | 0.0034 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00423 – 0.00445 – 0.00476 – 0.00408 – 0.00414 – 0.00424 —
0.004140000 – 0.004110000 —
38.992549810596 – 39.122086113125 —
– —
0.00423 – 1770541200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – – –