GALA/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.017110000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.018280000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 0.01746108 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.018280000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

0.018280000 – 0.015590000 – 0.015690000 – 0.017110000 – 0.014820000 – 0.014810000 — 61.393648135184 – 57.371491028036

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – – Double bottom retreat down – –