GALA/USDT – 1H – SELL

The pair Gala/Tether (GALA/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support at 0.006870000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.00724 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually 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 considered certain. Target of the current trend is 0.00687 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.00724 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick chart pattern is detected. 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%.

0.00724 – 0.00728 – 0.00743 – 0.006870000 – 0.00706 – 0.007 — 40.504970534469 – 38.354382433648 — 54.528743089629 – 37.634321398159 – 66.54411599061 – 54.22101473762

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –