GALA / TetherUS

GALA - Breakout!

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Gala recently broke out of the descending correction but not before there was a bout of manipulation.

The first manipulation we got was the "breakout" where price spiked above the wedge and then closed within it, making it a false break out. Soon after price dropped heavily and went beyond what most would class a support level.

We then got an actual breakout where the candle closed above the wedge. We had a nice structure and 61.8 bounce and moving on higher.

Watch for lower timeframe corrections and target the highs of 0.1400.

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