GALA/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 0.0076 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00795 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00775 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.00795 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.00795 – 0.00811 – 0.00815 – 0.00776 – 0.00778 – 0.00775 — 35.550743383234 – 34.331604001539 — 8.2638193749305 – 4.1319096874653 – 26.346941532279 – 12.045378712045

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Triple top chart pattern – –