GALA/USDT 1DAY
Updated
Disclaimer: This is not financial advice this is just an idea, Please do your own research.
Hi all,
Today I'm excited to see that the 2 channels are getting closer to hitting and the event of a breakout or breakdown is imminent.
Within the next few days I'm expecting GALA to continue to consolidate around the 0.23 -> 0.24 region. Then between 3rd to 5th of March we are expecting to see a breakout occur as the cross of the two channels converge.
We have seen recently that the Russia/Ukraine War isn't affecting Crypto as a whole greatly, so I'm expecting a big push attempt to breakout from the current channel at around 0.258 once we are above this then our target is to break through the 0.286 fib level and beyond to 0.42, If we can reach this target then I am expecting a slight fall to consolidate before we push higher to 0.564 or more.
If however we can't breakout above 0.258 then we may see a fall back to 0.19 or as low as 0.11 if that doesn't hold.
If you like this idea and would like to see more ideas for GALA, then please like and subscribe, and feel free to comment your thoughts below.
Cheers all.
Hi all,
Today I'm excited to see that the 2 channels are getting closer to hitting and the event of a breakout or breakdown is imminent.
Within the next few days I'm expecting GALA to continue to consolidate around the 0.23 -> 0.24 region. Then between 3rd to 5th of March we are expecting to see a breakout occur as the cross of the two channels converge.
We have seen recently that the Russia/Ukraine War isn't affecting Crypto as a whole greatly, so I'm expecting a big push attempt to breakout from the current channel at around 0.258 once we are above this then our target is to break through the 0.286 fib level and beyond to 0.42, If we can reach this target then I am expecting a slight fall to consolidate before we push higher to 0.564 or more.
If however we can't breakout above 0.258 then we may see a fall back to 0.19 or as low as 0.11 if that doesn't hold.
If you like this idea and would like to see more ideas for GALA, then please like and subscribe, and feel free to comment your thoughts below.
Cheers all.
Trade active
Hi all, an important update!As we can see the pattern is following my idea and is about to breakout. Today we see it on the 1 daily forming a double bottom bullish pattern (looks like a "W" on the chart), id it breaks the resistances then we should also watch the 1 weekly as this is forming a huge double bottom, and we have that 1push upon us if that happens.
Trade active
Hi all, it looks like the idea is still good however the breakout point is in the wrong day.It looks like today or tomorrow will be the major breakout and so I have been buying up stock in this low consolidation period awaiting the big bang to occur.
First targets are still 0.42 but the end goal is $1.
It has a chance to push as high as $1.23 but it is too risky to hold that high in the current channel.
I'm expecting a push to $1 over the next few months then a huge dip back down to the 0.42 mark where it will find major support.
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