GALA/USDT – 1H – SELL

The combination Gala/Tether (GALA/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.0034 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.00496 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Next a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bearish Belt Hold’. 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 chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.00496 – 0.00494 – 0.00486 – 0.0034 – 0.00455 – 0.0045 —
0.004000000 – 0.004360000 —
42.018468363393 – 65.800782932845 —
– —
0.00496 – 1770148800

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – – –