The combination Gala/Tether (GALA/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 0.00415 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.00396 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Bottom’ candle chart pattern is detected. The candles form ‘Tweezers Bottom’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00423 |
| 2nd High | 0.00418 |
| Next High | 0.00415 |
| Current Price | 0.004040000 |
| Next Low | 0.00396 |
| 2nd Low | 0.0034 |
| 3rd Low | 0.00259 |
0.00415 – 0.00413 – 0.00418 – 0.00396 – 0.00397 – 0.00403 —
0.004010000 – 0.004040000 —
35.529322990713 – 50.421412468034 —
– —
0.00415 – 1770685200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Bottom – Double top retreat up – –