GALA / BitcoinLong
GALBTC .618 Fibonacci| PA Range| Low Volume| Trend
Evening Traders,
Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Range High Objective
- Low Volume
- POC Resistance
GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias.
The current resistance is the POC, breaking this level is critical for a continuation to the range highs.
The current volume profile is below average, an influx is needed for a trend continuation.
Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Range High Objective
- Low Volume
- POC Resistance
GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias.
The current resistance is the POC, breaking this level is critical for a continuation to the range highs.
The current volume profile is below average, an influx is needed for a trend continuation.
Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
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Follow me on Twitter! twitter.com/pinkdawn__
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