GALA/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support at 0.015600000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.019150000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.017375 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.019150000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. 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’ going down is 82%.

0.017950000 – 0.019150000 – 0.018370000 – 0.015600000 – 0.015670000 – 0.015960000 — 59.285992863483 – 52.783552946968

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