GALA/USDT – 30M – SELL

The combination Gala/Tether (GALA/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.00352 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.00387 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00363448 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.00387 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.0037 – 0.00362 – 0.00371 – 0.00352 – 0.00347 – 0.00339 —
0.003720000 – 0.003740000 —
59.72668442744 – 67.795917924997 —
– —
0.0037 – 1772616600

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – – –