And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support line at 0.00252 is certain.
Caution: A possible change in the direction of resistance at 0.00277 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00282 |
| 2nd High | 0.00281 |
| Next High | 0.00277 |
| Current Price | 0.002510000 |
| Next Low | 0.00252 |
| 2nd Low | 0.00247 |
| 3rd Low | 0.00243 |
0.00277 – 0.00281 – 0.00282 – 0.00252 – 0.00256 – 0.00247 —
0.002670000 – 0.002580000 —
49.585438338678 – 36.983015737976 —
– —
0.00277 – 1782000000
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –