GALA/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Gala/Tether (GALA/USDT) moves from the bullish trendline down.

A bearish trend down to the next support line at 0.00572 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.00726 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.00726 – 0.00724 – 0.00728 – 0.00687 – 0.00706 – 0.007 — 42.388581021998 – 39.468540499321 — 52.489188452063 – 42.528255471234 – 57.224985799804 – 50.12528208173

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Double top chart pattern – –