GALA/USDT – 1H – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The combination Gala/Tether (GALA/USDT) jumps from the bullish trendline down.

A bearish descent downwards to the next support level at 0.016330000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.017270000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 0.01633 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.017270000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘On Neck’ chart pattern is discovered. The candles form ‘On Neck’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.017270000 – 0.019150000 – 0.018370000 – 0.016330000 – 0.017800000 – 0.016460000 — 25.664189686767 – 24.099780308603

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – On Neck – Symmetrical Triangle Chart Pattern – –