GALA/USDT – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the bearish trend downwards to the next support line at 0.00385 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.00413 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

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

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00393496 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.00413 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.00413 – 0.00421 – 0.00413 – 0.00401 – 0.00402 – 0.00402 —
0.004090000 – 0.004010000 —
51.658204270688 – 38.049870754364 —
– —
0.00413 – 1771344000

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –