GALA/USD - Be careful, bearish price action. Correction inbound!

GALA pumped hard and now it is time to take a pause and correct.

The indicators are curving down and not looking pretty. Best to wait now and let GALA find new support. A good candidate for that is at $0.36.

If market remains bullish, GALA may correct to only $0.5 or thereabouts as shows on the Fib extensions.

In any event, if MACD does a bearish cross on daily, then best to stay away for a while.

Bias is bearish on this formation right now.

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