GALA/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart formation is detected. The formation shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Gala/Tether (GALA/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible counter-trend in the direction of resistance at 0.00778 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.00778 – 0.00795 – 0.00811 – 0.00756 – 0.00776 – 0.00775 — 48.796569553865 – 34.363036734609 — 56.1414427157 – 36.841112682697 – 60.845261559144 – 50.273770234166

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Northern Doji – Double top chart pattern – –