GALA/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at will continue.

Caution: A possible counter-trend in the direction of resistance at 0.018370000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.01626376 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.018370000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

0.018370000 – 0.018720000 – 0.020970000 – 0.016460000 – 0.014810000 – 0.016470000 — 41.331640050609 – 38.985330540035

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –