GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.00382 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.00407 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. 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 | 0.00418 |
| 2nd High | 0.00415 |
| Next High | 0.00407 |
| Current Price | 0.003920000 |
| Next Low | 0.00382 |
| 2nd Low | 0.0034 |
| 3rd Low | 0.00259 |
0.00407 – 0.00407 – 0.00415 – 0.00382 – 0.00396 – 0.00397 —
0.004070000 – 0.003960000 —
67.823907747887 – 47.892155007469 —
– —
0.00407 – 1770890400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –