GALA/USDT – 1H – SELL

The combination Gala/Tether (GALA/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00219 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.00219 – 0.00219 – 0.00224 – 0.00198 – 0.002 – 0.00207 —
0.002015000 – 0.002025000 —
41.948445333443 – 47.66342867147 —
– —
0.00219 – 1783731600

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