GALA/USDT – 30M – SELLThe pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 0.00331 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00343 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00366 |
| 2nd High | 0.00359 |
| Next High | 0.00343 |
| Current Price | 0.003380000 |
| Next Low | 0.00331 |
| 2nd Low | 0.00321 |
| 3rd Low | 0.00318 |
0.00343 – 0.0034 – 0.00331 – 0.00331 – 0.00321 – 0.00318 —
0.003390000 – 0.003430000 —
58.743591840231 – 59.931924852422 —
– —
0.00343 – 1773034200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – – –