The combination Gala/Tether (GALA/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 0.00201 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.00223 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.0021 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.00223 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. 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 | 0.00223 |
| Current Price | 0.002144000 |
| Next Low | 0.00201 |
| 2nd Low | 0.00197 |
| 3rd Low |
0.00223 – 0.00212 – 0.00205 – 0.00201 – 0.00197 – 0.00198 —
0.002142000 – 0.002199000 —
59.700470575755 – 63.456726448419 —
– —
0.00223 – 1784314800
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – – –