GALA/USD is sitting at a deep 88% retrace currently and if can begin to take out previous local highs around 0.026, that could give it the juice it needs to see the daily bullish divergence on the MACD play out.
If so, a target of 0.042 near the value area high of the volume range I have shown would be in the cards.
A stop loss would be just below 0.018.
If so, a target of 0.042 near the value area high of the volume range I have shown would be in the cards.
A stop loss would be just below 0.018.
Comment:
GALA has now reacted nice off of the MACD bullish divergence and has painted a double bottom that has had it neckline broken today. Follow through bullish price action will be needed but so far this asset is on schedule for our first target around 0.042.
