The combination Gala/Tether (GALA/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at is certain.
Caution: A possible change in the direction of the resistance level at 0.00415 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
There is also a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00421 |
| 2nd High | 0.00417 |
| Next High | 0.00415 |
| Current Price | 0.003720000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00415 – 0.00362 – 0.00355 – 0.0037 – 0.00343 – 0.00348 —
0.003860000 – 0.003770000 —
54.623005758233 – 35.496102030753 —
– —
0.00415 – 1772055000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – – –