GALA/USDT – 4H – SELL

The pair Gala/Tether (GALA/USDT) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at is expected.

Caution: A possible trend reversal in the direction of resistance at 0.00788 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.00788 – 0.00815 – 0.00955 – 0.006810000 – 0.00694 – 0.00657 — 50.700510162196 – 49.266938643669 — 84.673040454174 – 78.730456084732 – 90.610067617514 – 84.432618190398

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top retreat up – –