Galaxy Digital.Galaxy Digital Holdings Ltd. is showing strong potential for growth, supported by its solid financial performance and strategic expansion in digital asset management and mining. While the current technical indicators present a mixed sentiment, the overall long-term outlook remains bullish. Investors should consider entering a long position if the price confirms an upward trend above the 10-day EMA, with a well-placed stop loss to mitigate risks. For those considering shorting, monitoring the price action around the 10-day EMA and setting a conservative stop loss is advisable. With the company's aggressive growth trajectory and favorable market conditions, Galaxy Digital remains a compelling investment in the crypto space.
1-Year Price Target:
Average: CAD 19.97 (+27.01%)
Max: CAD 23.01 (+46.34%)
Min: CAD 17.98 (+14.36%)
Long Position
Point: CAD 15.75 (just above the current price to ensure confirmation of upward momentum)
Target Price: CAD 19.97 (27% upside potential)
Stop Loss: CAD 14.05 (just below the 100-day SMA to minimize loss)
Short Position
Entry Point: CAD 15.68 (if price drops below the 10-day EMA indicating a potential downward trend)
Target Price: CAD 13.75 (next support level based on Fibonacci retracement)
Stop Loss: CAD 16.50 (just above the Ichimoku Base Line to prevent excessive loss)
