Technical analysis by A-Yousef about Symbol GALA: Sell recommendation (8/23/2025)

GALA/USDT (4H Analysis) The chart illustrates a detailed Elliott Wave structure forming within the 4H timeframe. Price action recently completed a corrective move (A → B → C) and extended into point (D) before showing potential signs of reversal. Resistance Zones: Price is testing strong supply around 0.0188 – 0.0192, aligned with Fibonacci retracement levels and previous liquidity zones. Support & Downside Targets: If rejection holds, the market may follow the projected (D → E) leg down toward 0.0145 – 0.0140, completing the corrective cycle. Indicators: RSI is approaching overbought conditions, hinting at possible bearish divergence. MACD shows strong momentum, but a cross-down could confirm reversal. Bollinger Bands suggest price touched the upper band and may revert inward. Key Levels to Watch: Resistance: 0.01885 / 0.02000 Mid Support: 0.0172 – 0.0165 (Fib 0.5–0.786) Strong Support: 0.0145 – 0.0140 ⚠️ Outlook: The short-term bias remains corrective bearish unless price breaks and consolidates above 0.0200, which could invalidate the (E) target and open the way for a bullish continuation.