GALA/USDT – 30M – SELL

The currency pair Gala/Tether (GALA/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at is expected.

Caution: A possible change in the direction of the resistance zone at 0.00772 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00756 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 0.00772 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. 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%.

0.00772 – 0.00784 – 0.00795 – 0.00756 – 0.00759 – 0.00776 — 49.371833186222 – 46.884963434696 — 56.59558283496 – 36.048158640227 – 76.827370335397 – 57.063354667226

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –