The combination Gala/Tether (GALA/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.00413 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.00402 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candle chart pattern is existing. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00418 |
| 2nd High | 0.00415 |
| Next High | 0.00413 |
| Current Price | 0.004110000 |
| Next Low | 0.00402 |
| 2nd Low | 0.00385 |
| 3rd Low | 0.00382 |
0.00413 – 0.00411 – 0.00407 – 0.00402 – 0.00385 – 0.0039 —
0.004110000 – 0.004090000 —
45.957011349694 – 52.528014618928 —
– —
0.00413 – 1771029000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Up – – –