GALA/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.00366 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00347496 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.00366 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

0.00366 – 0.00375 – 0.00362 – 0.00345 – 0.00339 – 0.00343 —
0.003590000 – 0.003580000 —
50.820064842451 – 51.756682106828 —
– —
0.00366 – 1772704800

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –