GALA - just one more dump!Hello, dear friends!
Last time I have too many analysis updates on INDEX:GALA . Some of you could think that I am their ambassador, but it's not true. This asset just in the nice price range to accumulate some coins. You have already seen my global analysis that bottom is almost here.
Today I will show you the local price action analysis. the fact that price set the new lower low means that we are in new bearish impulsive wave. I think this is wave 5. This wave should also consists of 5 waves. It looks like wave 4 has been finished and wave 5 in wave 5 is in progress.
I expect the dump slightly below current low. If Awesome oscillator will show divergence it's gonna be the nice reversal sign.
Best regards, Skyrex team
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