GALA/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.014560000 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.015790000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.01485028 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.015790000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.015790000 – 0.015200000 – 0.015290000 – 0.014560000 – 0.014570000 – 0.014860000

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