GALA/USDT – 4H – SELLThe combination Gala/Tether (GALA/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.016910000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0151 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.016910000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.018940000 |
| 2nd High | 0.017350000 |
| Next High | 0.016910000 |
| Current Price | 0.015750000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.016910000 – 0.017350000 – 0.018940000 – 0.015100000 – 0.015730000 – 0.015740000 — 44.767379269951 – 41.742560816582
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Double top retreat up – –