GALA/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.0034 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.00496 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candlestick pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.00496 – 0.00685 – 0.00777 – 0.0034 – 0.00434 – 0.00619 —
0.004160000 – 0.004150000 —
34.978668390416 – 39.364899313245 —
– —
0.00496 – 1770148800

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Double top chart pattern – –