$GAXY - Daily Candle Possible Evening Star - Good Entry?

9 feb 2021

GAXY has a possible formation of an "Evening Star" doji that signals a reversal after an uptrend. We may see a pull back to test 0.045 or 0.035 support levels. Although the evening start is a bearish chart pattern, I believe the incoming volume and solid momentum will hold the upward channel so I am still bullish on this one and I think this may be a good entry for the following rally back up to retest resistance at 0.06. If we see the daily candle close above 0.063 I am looking for a gap up opening at 0.07 then retrace to test 0.06 support on profit taking. If this happens look for a bit of sideways consolidation further testing the 0.06 support and 0.07 resistance before rallying to test 0.09 resistance.