GAL/AUSDT – 2H – SELL

The 2H chart for GAL/AUSDT has fired a cluster of bearish signals, including Trendline Break Down, EMA Retreat Down, and BOP Zero Cross Down, alongside a Symmetrical Triangle and a Double Bottom pattern. The convergence of these signals points to a continuation of the prevailing downtrend, with the 2H timeframe itself bearish and choppy. Higher timeframes (4H, 8H, 12H) align bearishly, with the 8H and 12H showing solid trends, reinforcing the downward bias. However, the lower timeframes (15m) are bullish and choppy, suggesting short-term noise that could cause temporary pullbacks.

Key levels to monitor are the nearest resistance at 0.00184 and support at 0.00175. A break below support would confirm further downside, while a move above resistance could invalidate the bearish setup. The presence of a Double Bottom pattern—typically bullish—adds a layer of complexity, as it may indicate a potential reversal if price holds above the pattern's neckline. Traders should watch for how price interacts with these levels and whether the bullish 15m momentum can lift price higher, potentially conflicting with the larger bearish trend.