GALA/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish movement downwards to the next support level at 0.00776 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.00811 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00768396 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.00811 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘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 chance of ‘Three Black Crows’ heading down is 82%.

0.00811 – 0.00815 – 0.00791 – 0.00776 – 0.00775 – 0.0076 — 43.939523248889 – 42.570247101247 — 48.992667711613 – 27.241112828439 – 53.202078131229 – 43.949535979404

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