GALA/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The pair Gala/Tether (GALA/USDT) moves from the ascending trendline downwards

A bearish descent down to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.020970000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Southern Doji’ candle chart pattern is found. The candles show ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.020970000 – 0.020570000 – 0.019340000 – 0.019340000 – 0.018090000 – 0.018080000

Trading Signals: FOREX – GALA – GALA/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern