GALA/USDT – 30M – SELL

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

A bearish movement down to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.018750000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. 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 expected. Current target is 0.01782 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.018750000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this is a bearish 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 ‘Three Black Crows’ going down is 82%.

0.018750000 – 0.018020000 – 0.017630000 – 0.017910000 – 0.017340000 – 0.016890000 — 42.975705332312 – 36.033196207737

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