GALA/USDT – 1H – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00335 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.00371 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart shows ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

0.00371 – 0.00372 – 0.00368 – 0.00336 – 0.00353 – 0.00355 —
0.003460000 – 0.003430000 —
30.502444628494 – 34.150061250063 —
– —
0.00371 – 1773820800

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