GALA/USDT – 1H – SELL

The pair Gala/Tether (GALA/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 0.00201 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.00212 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochRSI Bearish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Die Paarung wird wahrscheinlich fallen.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.00213808 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.00212 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Inside Down’ candlestick chart pattern is detected. The candles show ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.00212 – 0.00205 – 0.00206 – 0.00201 – 0.00197 – 0.00198 —
0.002060000 – 0.002226000 —
49.078425431622 – 84.309065141433 —
– —
0.00212 – 1784239200

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