GALA/USD - Be careful, bearish price action. Correction inbound!
GALA pumped hard and now it is time to take a pause and correct.
The indicators are curving down and not looking pretty. Best to wait now and let GALA find new support. A good candidate for that is at $0.36.
If market remains bullish, GALA may correct to only $0.5 or thereabouts as shows on the Fib extensions.
In any event, if MACD does a bearish cross on daily, then best to stay away for a while.
Bias is bearish on this formation right now.
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The indicators are curving down and not looking pretty. Best to wait now and let GALA find new support. A good candidate for that is at $0.36.
If market remains bullish, GALA may correct to only $0.5 or thereabouts as shows on the Fib extensions.
In any event, if MACD does a bearish cross on daily, then best to stay away for a while.
Bias is bearish on this formation right now.
Like and follow if you liked this idea!
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