And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Gala/Tether (GALA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.00263 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.00271 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00282 |
| 2nd High | 0.00275 |
| Next High | 0.00271 |
| Current Price | 0.002670000 |
| Next Low | 0.00263 |
| 2nd Low | 0.00247 |
| 3rd Low | 0.00243 |
0.00271 – 0.00275 – 0.00282 – 0.00263 – 0.00263 – 0.00264 —
0.002660000 – 0.002690000 —
48.574265950537 – 57.385762021984 —
– —
0.00271 – 1781276400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –