Sell GALA/USDT – 1H – SELL

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

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