GALA/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Gala/Tether (GALA/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support at 0.00352 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.0037 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.00355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.0037 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.0037 – 0.00362 – 0.00371 – 0.00352 – 0.00347 – 0.00339 —
0.003690000 – 0.003680000 —
62.326246536722 – 54.840626579604 —
– —
0.0037 – 1772616600

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –