Sell GALA/USDT – 30M – SELL

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00370602 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.00423 should always be considered.
Consider stop-loss settings accordingly.

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

Support & Resistance Price Range*
3rd High 0.00476
2nd High 0.00445
Next High 0.00423
Current Price 0.004100000
Next Low 0.0034
2nd Low 0.00259
3rd Low

0.00423 – 0.00445 – 0.00476 – 0.00414 – 0.00424 – 0.0034 —
0.004170000 – 0.004150000 —
42.858959928025 – 43.180658037569 —
– —
0.00423 – 1770541200

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