GALA/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.00382 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.004070000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0036478 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.004070000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.004070000 – 0.00415 – 0.00418 – 0.00382 – 0.00396 – 0.00397 —
0.004070000 – 0.003960000 —
40.923342395789 – 52.742965548055 —
0.004070000 – 1770818400 —
– 1770818400

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –