The pair Gala/Tether (GALA/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.00321 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.0034 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00359 |
| 2nd High | 0.00341 |
| Next High | 0.0034 |
| Current Price | 0.003320000 |
| Next Low | 0.00321 |
| 2nd Low | 0.00318 |
| 3rd Low | 0.00259 |
0.0034 – 0.00331 – 0.00341 – 0.00321 – 0.00318 – 0.00334 —
0.003310000 – 0.003360000 —
52.953867505687 – 59.548177506148 —
– —
0.0034 – 1773001800
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – – –