GALA/USDT – 30M – SELLThe combination Gala/Tether (GALA/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.00334 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.00341 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00366 |
| 2nd High | 0.00359 |
| Next High | 0.00341 |
| Current Price | 0.003330000 |
| Next Low | 0.00334 |
| 2nd Low | 0.00259 |
| 3rd Low |
0.00341 – 0.00359 – 0.00366 – 0.00334 – 0.00335 – 0.0035 —
0.003380000 – 0.003370000 —
42.024786768879 – 44.378536034041 —
– —
0.00341 – 1772881200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – – –