GALA/USDT – 4H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The pair Gala/Tether (GALA/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.00691 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00775 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.006735 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00775 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.00775 – 0.00743 – 0.00643 – 0.00691 – 0.00677 – 0.00699 — 45.927996432563 – 38.149040558731 — 57.823129251701 – 31.588232307849 – 72.881773521432 – 55.342758994145

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –