GALA/USDT – 1H – SELL

The combination Gala/Tether (GALA/USDT) jumps from the bullish trendline downwards

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

Caution: A possible reversal of the trend in the direction of the resistance line at 0.00496 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.0045 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00496 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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 —
0.004680000 – 0.004600000 —
38.774355641777 – 37.004987730551 —
– —
0.00496 – 1770148800

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Black Crows – – –