GALA/USDT – 30M – SELLThe currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.00639 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish 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 considered certain. Current target is 0.00593 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.00639 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00665 |
| 2nd High | 0.00659 |
| Next High | 0.00639 |
| Current Price | 0.006070000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00639 – 0.00659 – 0.00665 – 0.00593 – 0.00601 – 0.0062 —
0.006100000 – 0.006170000 —
45.543512349384 – 62.088106680044 —
– —
0.00639 – 1769243400
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Double bottom retreat down – –