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dukeposh

GALUSD | Wave Projection | Target Triangle 4-Wave Breakout

Short
GAL (BINANCE:GALUSD)  
dukeposh  
BINANCE:GALUSD   GAL
Trend Analysis Chart Patterns Wave Analysis Bitcoin (Cryptocurrency) GALUSD GALUSDT Descending Triangle elliotwaveanalysis elliottwaveprojection
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trendanalysis chartpattern waveanalysis bitcoin galusd galusdt descendingtriangle elliotwaveanalysis elliottwaveprojection
Price action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
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