In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Gala/Tether (GALA/USDT) goes from the bullish trendline downwards
A descent down to the next support level at 0.00229 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.0024 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00268 |
| 2nd High | 0.00244 |
| Next High | 0.0024 |
| Current Price | 0.002297000 |
| Next Low | 0.00229 |
| 2nd Low | 0.00219 |
| 3rd Low |
0.0024 – 0.00238 – 0.00232 – 0.00229 – 0.00219 – 0.00221 —
0.002342000 – 0.002335000 —
49.387126942061 – 52.926128134059 —
– —
0.0024 – 1782993600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –