GALA/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A descending movement down to the next support line at 0.0045 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.00496 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0045 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.00496 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.00496 – 0.00494 – 0.00486 – 0.00455 – 0.0045 – 0.0047 —
0.004760000 – 0.004680000 —
52.724544889528 – 38.774355916744 —
– —
0.00496 – 1770148800

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