GALA/USDT – 30M – SELL

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

A descent down to the next support level at 0.015680000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.017270000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator layout is found. 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 expected. Current target is 0.01633 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.017270000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.017270000 – 0.019150000 – 0.018240000 – 0.016330000 – 0.018310000 – 0.017800000 — 25.817552963411 – 23.769601491305

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –