GALA/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The currency pair Gala/Tether (GALA/USDT) jumps from the bullish trendline downwards

The bearish trend down to the next support level at 0.0045 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.00496 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ candle pattern is discovered. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.00496 – 0.00494 – 0.00486 – 0.00455 – 0.0045 – 0.0047 —
0.004730000 – 0.004600000 —
43.924279060266 – 35.610949356534 —
– —
0.00496 – 1770148800

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –