GALA/USDT – 1H – SELLThe currency pair Gala/Tether (GALA/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.00798 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.00891 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00798 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00891 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00955 |
| 2nd High | 0.00902 |
| Next High | 0.00891 |
| Current Price | 0.008000000 |
| Next Low | 0.00798 |
| 2nd Low | 0.00791 |
| 3rd Low | 0.00259 |
0.00891 – 0.00876 – 0.00902 – 0.00798 – 0.00827 – 0.00893 — 36.326527906021 – 31.229491627396 — 39.58520360012 – 6.2518702667864 – 69.755819160995 – 39.045823091688
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Triple top chart pattern – –