Couple days ago I made an analysis on GALA where I discussed the huge reversal after completing the classical bubble pattern. See below.
As of now, GALA seems to be consolidating inside a bullish channel. With GALA seeing massive gains lately, it was to be expected that we'd see some minor consolidation.
I'm looking at the lower trend line for a potential bounce. Safest way to trade would be to wait for a confirmed reversal.
Short-term target is the top of the channel.
Happy trading!
As of now, GALA seems to be consolidating inside a bullish channel. With GALA seeing massive gains lately, it was to be expected that we'd see some minor consolidation.
I'm looking at the lower trend line for a potential bounce. Safest way to trade would be to wait for a confirmed reversal.
Short-term target is the top of the channel.
Happy trading!
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