GALA - too early to become bull
Hello, everyone!
Despite GGALA is pumping like we said in our last analysis, it looks like it's still too early for the bull run on this asset. We defined the working time frame is 1D and all Elliott waves counting will be on this chart.
Awesome Oscillator is the best tool to define the wave 3 bottom, now it crossed over the zero line. It means that wave 4 minimal requirement is completed. Anyway it's likely to see the pump continuation to 0.38-0.5 Fibonacci retracement zone, which is natural wave 4 target. So, $0.019 is real target for GALA.
Then we expect the dump in wave 5 to approximately $0.01. This asset has very clear EW structure, so we pretty sure that this scenario plays out.
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Despite GGALA is pumping like we said in our last analysis, it looks like it's still too early for the bull run on this asset. We defined the working time frame is 1D and all Elliott waves counting will be on this chart.
Awesome Oscillator is the best tool to define the wave 3 bottom, now it crossed over the zero line. It means that wave 4 minimal requirement is completed. Anyway it's likely to see the pump continuation to 0.38-0.5 Fibonacci retracement zone, which is natural wave 4 target. So, $0.019 is real target for GALA.
Then we expect the dump in wave 5 to approximately $0.01. This asset has very clear EW structure, so we pretty sure that this scenario plays out.
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