GALA/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 0.017800000 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.019150000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.017805 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.019150000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.019150000 – 0.018370000 – 0.018280000 – 0.017800000 – 0.016460000 – 0.016550000 — 42.983591416597 – 41.120250944841

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –