cybernetwork

GALA rejected by 4hrly 200 SMA, and fell below the daily 200 SMA

Short
BINANCE:GALAETH   GALA / Ethereum
GALA rejected by 4hrly 200 SMA, and have fallen below the daily 200 SMA.

Measured move at 78.6% Fib level, but may start re-entering position in GALA at around and below the 61.8% Fib level.

On the 4hrly:
4hrly 200 SMA and continues to be rejected by the green 50 SMA and the red 21 EMA.
Ichcloud had turned and remains bearish.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.