GALA/USDT – 30M – SELL

The pair Gala/Tether (GALA/USDT) jumps from the ascending trendline down.

A bearish descent down to the next support line at 0.00703 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.00761 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern 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%.

0.00761 – 0.00768 – 0.0079 – 0.00703 – 0.0072 – 0.00734 — 48.477967842417 – 45.385939125915 — 74.666407862321 – 69.832402234637 – 57.201087428861 – 68.958685100417

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