GALA/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.00335 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.00366 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.00338758 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.00366 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. 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’ going down is 69% (Bull Market) & 70% (Bear Market).

0.00366 – 0.00354 – 0.00375 – 0.00335 – 0.00328 – 0.00318 —
0.003650000 – 0.003690000 —
62.43802559814 – 62.973748303361 —
– —
0.00366 – 1773432000

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –