The pair Gala/Tether (GALA/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 0.00417 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.00403 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
And also a ‘Tweezers Bottom’ candle chart pattern is found. The candles show ‘Tweezers Bottom’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00423 |
| 2nd High | 0.00421 |
| Next High | 0.00417 |
| Current Price | 0.004090000 |
| Next Low | 0.00403 |
| 2nd Low | 0.00402 |
| 3rd Low | 0.00385 |
0.00417 – 0.00421 – 0.00413 – 0.00403 – 0.00402 – 0.00404 —
0.004110000 – 0.004100000 —
50.90069843306 – 48.657868377271 —
– —
0.00417 – 1771277400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Bottom – Double top retreat up – –