GALA/USDT – 30M – SELL

The pair Gala/Tether (GALA/USDT) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.016080000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.016540000 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.01592038 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.016540000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.016540000 – 0.016840000 – 0.016820000 – 0.016080000 – 0.015750000 – 0.015670000 — 45.916627661386 – 44.25368738046

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Double top chart pattern – –