GALA/USDT – 30M – SELL

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

A descending movement downwards to the next support at 0.019340000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.020570000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.020570000 – 0.019340000 – 0.020300000 – 0.019340000 – 0.018090000 – 0.018080000

Trading Signals: FOREX – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern