🔎 Technical Analysis $GALA – Daily
A Gartley harmonic pattern (XABCD) is observed.
The price is currently in the leg C–D with a possible bearish projection towards the zone 0.0128 – 0.013 USDT.
Fibonacci: The correction from A to B respects the key retracements well (0.618–0.786). Point C also fits into the structure, reinforcing the validity of the pattern.
RSI (38.8): Close to oversold, indicating that if it reaches point D, we could see a significant rebound.
MACD: In a weak bearish crossover, confirming the ongoing corrective pressure.
Volume: There is not yet a strong increase that anticipates a breakout; the market remains in the pattern validation phase.
📌 Likely scenario:
If it completes the pattern towards 0.0128–0.013 USDT (zone D) → high probability of rebound and trend change.
A Gartley harmonic pattern (XABCD) is observed.
The price is currently in the leg C–D with a possible bearish projection towards the zone 0.0128 – 0.013 USDT.
Fibonacci: The correction from A to B respects the key retracements well (0.618–0.786). Point C also fits into the structure, reinforcing the validity of the pattern.
RSI (38.8): Close to oversold, indicating that if it reaches point D, we could see a significant rebound.
MACD: In a weak bearish crossover, confirming the ongoing corrective pressure.
Volume: There is not yet a strong increase that anticipates a breakout; the market remains in the pattern validation phase.
📌 Likely scenario:
If it completes the pattern towards 0.0128–0.013 USDT (zone D) → high probability of rebound and trend change.