GALA/USDT – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Gala/Tether (GALA/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support at 0.00339 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00362 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.00336 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00362 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00362 – 0.00371 – 0.00373 – 0.00339 – 0.00343 – 0.0034 —
0.003560000 – 0.003530000 —
54.974483983907 – 53.709759785943 —
– —
0.00362 – 1772553600

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –