GALA/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 0.00402 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.00413 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00413 – 0.00411 – 0.00407 – 0.00402 – 0.00385 – 0.0039 —
0.004100000 – 0.004100000 —
51.237196171462 – 58.07907061676 —
– —
0.00413 – 1771029000

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –