GALA/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The pair Gala/Tether (GALA/USDT) jumps from the ascending trendline down.

A descending movement down to the next support at 0.00775 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00815 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. 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 considered certain. Current target is 0.007715 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.00815 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00815 – 0.00791 – 0.00789 – 0.00775 – 0.0076 – 0.00754 — 46.761229450942 – 46.761229450942 — 64.489324235087 – 47.461295766381 – 71.454251962727 – 64.988871768533

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –