GALA/USDT – 4H – SELL

The currency pair Gala/Tether (GALA/USDT) moves from the ascending trendline down.

A bearish descent downwards to the next support level at 0.014340000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.015790000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.01459 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.015790000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.015790000 – 0.017950000 – 0.017870000 – 0.014590000 – 0.014980000 – 0.015780000

Trading Signals: FOREX – GALA – GALA/USDT – USDT – Northern Doji