The combination Gala/Tether (GALA/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.00298 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.00329 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Tweezers Top’ candle chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00339 |
| 2nd High | 0.00331 |
| Next High | 0.00329 |
| Current Price | 0.003000000 |
| Next Low | 0.00298 |
| 2nd Low | 0.00295 |
| 3rd Low | 0.0029 |
0.00329 – 0.00331 – 0.00339 – 0.00298 – 0.00317 – 0.0032 —
0.003020000 – 0.003020000 —
35.053462698638 – 40.488938097826 —
– —
0.00329 – 1779897600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Tweezers Top – – –