GALA/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support at 0.00259 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00375 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

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

0.00375 – 0.00415 – 0.00406 – 0.00339 – 0.00336 – 0.0034 —
0.003590000 – 0.003410000 —
49.750967482538 – 39.909795173785 —
– —
0.00375 – 1772640000

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –