GALA/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Gala/Tether (GALA/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support level at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00789 could occur.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.007585 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00789 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00891 |
| 2nd High | 0.00874 |
| Next High | 0.00789 |
| Current Price | 0.007650000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.00789 – 0.00787 – 0.00766 – 0.00754 – 0.00728 – 0.00728 — 45.704509504865 – 43.119482733649 — 30.510044578244 – 13.153476524055 – 34.108467293206 – 28.715979338338
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –