GalaShort
$GALA will JUMP to $1! (soon)
Hiii World!
Since
GALA had its ICO on 11/19 - I thought it would be a great opportunity to follow a token that is fresh, new and gaining steam! Shout out to Kamen1011 as he had thoroughly done his DD and put this symbol on my radar and I was able to make a decent chunk of change on Thanksgiving! I did not feel anywhere close to comfortable in swing trading today (11/26) given that BTC had given us a good scare early in the AM and volume just wasn't present in any token.
Technical Indicators included on the chart are its Correlation Coefficent, Stoch RSI and Fibonnaci retracement tool from lowest swing on ICO to highest swing this week! One thing that I am confused about is the correlation coefficent comparison between intotheblock.com, a 30 day average, currently, -0.77 vs. Trading View's, real time average???, of -0.04 (at the time of publishing).
Depending on which CC is the most accurate if -0.77, I would not be surprised if the trend continues in the upper Bollinger Band Area for the remainder of the week.
If -0.04, then for the remainder of the week (mayyybe through Monday), my forecasted opinion is thatGALA will continue to retrace down into the 0.50 to 0.681 FIB zone. Let's see how this plays out! Would appreciate your shared thoughts as this is my first chart ^.^
Much Love!
MS ROBOT
GALAUSD
Since
GALA had its ICO on 11/19 - I thought it would be a great opportunity to follow a token that is fresh, new and gaining steam! Shout out to Kamen1011 as he had thoroughly done his DD and put this symbol on my radar and I was able to make a decent chunk of change on Thanksgiving! I did not feel anywhere close to comfortable in swing trading today (11/26) given that BTC had given us a good scare early in the AM and volume just wasn't present in any token. Technical Indicators included on the chart are its Correlation Coefficent, Stoch RSI and Fibonnaci retracement tool from lowest swing on ICO to highest swing this week! One thing that I am confused about is the correlation coefficent comparison between intotheblock.com, a 30 day average, currently, -0.77 vs. Trading View's, real time average???, of -0.04 (at the time of publishing).
Depending on which CC is the most accurate if -0.77, I would not be surprised if the trend continues in the upper Bollinger Band Area for the remainder of the week.
If -0.04, then for the remainder of the week (mayyybe through Monday), my forecasted opinion is that
GALA will continue to retrace down into the 0.50 to 0.681 FIB zone. Let's see how this plays out! Would appreciate your shared thoughts as this is my first chart ^.^Much Love!
MS ROBOT
GALAUSD
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