GALA/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.00724 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Next a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.00698984 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00724 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.00724 – 0.00724 – 0.00728 – 0.00687 – 0.00706 – 0.007 — 51.932526508267 – 49.196445931803 — 64.800442353334 – 54.888564938008 – 63.936123034456 – 61.718388722068

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –