GALA/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.0034 is expected.

Caution: A possible change in the direction of resistance at 0.00445 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.00445 – 0.00496 – 0.00494 – 0.0034 – 0.00455 – 0.0045 —
0.004350000 – 0.004330000 —
58.761041000942 – 56.769761914302 —
– —
0.00445 – 1770397200

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Two Crows – – –