Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.003535 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.00372 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00387 |
| 2nd High | 0.00375 |
| Next High | 0.00372 |
| Current Price | 0.003610000 |
| Next Low | 0.00353 |
| 2nd Low | 0.00335 |
| 3rd Low | 0.00329 |
0.00372 – 0.00368 – 0.0035 – 0.00353 – 0.00355 – 0.00335 —
0.003580000 – 0.003640000 —
40.840799529164 – 51.648963635571 —
– —
0.00372 – 1773703800
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – – –