GALA/USDT – 1H – SELL

The currency pair Gala/Tether (GALA/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.00219 will persist.

Caution: A possible change in the direction of the resistance line at 0.00238 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00238 – 0.00232 – 0.00233 – 0.00219 – 0.00221 – 0.00225 —
0.002309000 – 0.002370000 —
49.908820721043 – 53.191224512767 —
– —
0.00238 – 1782943200

Trading Signals: CRYPTO – GALA – GALA/USDT – USDT – Matching Low – – –