Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.002579 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.00277 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candlestick pattern is discovered. The candles form ‘Bearish Harami’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00281 |
| 2nd High | 0.00278 |
| Next High | 0.00277 |
| Current Price | 0.002600000 |
| Next Low | 0.00252 |
| 2nd Low | 0.00247 |
| 3rd Low | 0.00243 |
0.00277 – 0.00258 – 0.00277 – 0.00252 – 0.00252 – 0.00259 —
0.002660000 – 0.002600000 —
39.219499733338 – 37.692371575635 —
– —
0.00277 – 1782003600
Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Bearish Harami – – –