Observations: 1. Head and Shoulders Pattern: - There seems to be a potential "Head and Shoulders" pattern forming near the top of the recent trend, which is often considered a bearish reversal signal. 2. Fair Value Gaps (FVG): - Two Fair Value Gaps are marked on the chart as potential zones where the price may gravitate toward. - The upper FVG is...
We can price in monthly and daily demand, price tested several times the trend line. Expecting price to reverse and go up.
price looking bearish. abc correction together with supply and demand zones suggesting a short trade
price stopped at daily supply and broke support. looking good for a short trade
I think the 5th wave is about to occur, we broke support (0.02522) and we will probably go down until the support at 0.02284.
I think for the short term GALA will go down to the 200 ema or potentially lower. exit points: 0.05757 0.05476