Sell GALA/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The pair Gala/Tether (GALA/USDT) goes from the bullish trendline downwards

A descent down to the next support level at 0.00229 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.0024 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 0.00268
2nd High 0.00244
Next High 0.0024
Current Price 0.002297000
Next Low 0.00229
2nd Low 0.00219
3rd Low

0.0024 – 0.00238 – 0.00232 – 0.00229 – 0.00219 – 0.00221 —
0.002342000 – 0.002335000 —
49.387126942061 – 52.926128134059 —
– —
0.0024 – 1782993600

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