How Much Juice Left for GALA?
Updated
You can clearly see a Bullish Ascending Triangle formed on the Daily chart
Price is perfectly rejecting 200 Daily EMA , and if it breaks above, ~$0.07 is a good target
If BTC consolidates/moves up, &/ there happens to be a good fundamental news for GALA , you can expect those red lines above to be hit
If BTC does a major correction/pullback, then expect this technical analysis to be invalidated
Happy Trading!
Not a Financial Advice.
Price is perfectly rejecting 200 Daily EMA , and if it breaks above, ~$0.07 is a good target
If BTC consolidates/moves up, &/ there happens to be a good fundamental news for GALA , you can expect those red lines above to be hit
If BTC does a major correction/pullback, then expect this technical analysis to be invalidated
Happy Trading!
Not a Financial Advice.
Note
GALA closed Daily above 200 EMA, that's the first for almost a year (last time GALA did this was on April 3rd, 2022). Should BTC pump to $24,000 today, expect GALA pumps to the first target.Note
GALA is now within $0.062-$0.073 resistance zone. As expected, first touch here was rejected earlier as this is a fresh zone since August 2022. The price will now consolidate in order to break higher and might show a couple more rejections at this level, and then finally breaking out. As long as GALA doesn't break below $0.04, this trend will continue, hopefully to our next target at $0.09 .Note
GALA managed to stay above $0.04 which is around 50 Daily EMA. As long as it doesn't break, close, and fix below this key level, GALA can still move up especially if BTC does the same.
NOT A FINANCIAL ADVICE
DO YOUR OWN RESEARCH
YOUR MONEY IS YOUR OWN RESPONSIBILITY
DO YOUR OWN RESEARCH
YOUR MONEY IS YOUR OWN RESPONSIBILITY
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