GALA/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 0.00401 is likely expected.

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

And also a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.00413 – 0.00417 – 0.00421 – 0.00401 – 0.00401 – 0.00403 —
0.004070000 – 0.004090000 —
48.804879243481 – 56.154357270044 —
– —
0.00413 – 1771344000

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