GALA: Signs of Strength
GALA has been in a downtrend for about 66 days. I have my fib measured to the ATH candle close (not the wick), and the .786 held when BTC fell to 33K.
So, is this considered the start of a reversal?
There are signs that are pointing in that direction:
For now, GALA is looking strong, and I'm long-term bullish on the Metaverse projects. Short-term movement will depend on BTC's position.
This is not financial advice. These are just my ideas and opinions.
So, is this considered the start of a reversal?
There are signs that are pointing in that direction:
- Daily RSI was heavily oversold and has broken the downtrend
- The main downtrend line of resistance has been broken as well
- .786 fib held and bounced above the .618
For now, GALA is looking strong, and I'm long-term bullish on the Metaverse projects. Short-term movement will depend on BTC's position.
This is not financial advice. These are just my ideas and opinions.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.