GALA/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.0047 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.00494 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Last Engulfing Top’ candle chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.00494 – 0.00486 – 0.00491 – 0.0047 – 0.00454 – 0.00462 —
0.004810000 – 0.004800000 —
48.375011672807 – 50.171407514689 —
– —
0.00494 – 1770046200

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Last Engulfing Top – – –