The pair Gala/Tether (GALA/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.00335 is certain.
Caution: A possible change in the direction of resistance at 0.0035 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00366 |
| 2nd High | 0.00359 |
| Next High | 0.0035 |
| Current Price | 0.003460000 |
| Next Low | 0.00335 |
| 2nd Low | 0.00329 |
| 3rd Low | 0.00328 |
0.0035 – 0.00349 – 0.00346 – 0.00335 – 0.00337 – 0.00347 —
0.003450000 – 0.003510000 —
48.786777100765 – 63.597019985876 —
– —
0.0035 – 1773572400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –