The pair Gala/Tether (GALA/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 0.00201 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.00219 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00232 |
| 2nd High | 0.00224 |
| Next High | 0.00219 |
| Current Price | 0.002114000 |
| Next Low | 0.00201 |
| 2nd Low | 0.00197 |
| 3rd Low |
0.00212 – 0.00205 – 0.00206 – 0.00201 – 0.00197 – 0.00198 —
0.002069000 – 0.002227000 —
58.143547823894 – 73.217194253632 —
– —
0.00212 – 1784239200
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – – –