GALA/USDT – 30M – SELL

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart 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 is expected. Target of the current trend is 0.00334136 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.00354 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish pattern 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 Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.00354 – 0.00351 – 0.00345 – 0.00328 – 0.00332 – 0.00334 —
0.003450000 – 0.003400000 —
49.848186961136 – 44.164211986476 —
– —
0.00354 – 1773234000

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –