In my last GALA analysis I talked about the fact that GALA broke out of a bearish channel and retested the resistance as support. My targets have been achieved, congratulations if you took the trade.
The second target in my last analysis was placed at $0.05, which is also the 0.618 Fibonacci Retracement, and if often a strong resistance.
With BTC seeming weak, alts are losing even more ground because of the increasing BTC dominance.
I'm anticipating a bearish move towards the bottom support of the triangle. If BTC can catch a bid, GALA might see a pump towards the top resistance of the pattern.
Thanks for the detailed analysis of the potential asset movement, that was very helpful. Very interesting to watch your reasoning on technical analysis.
MonoCoinSignal
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Thanks for sharing, it's really helpful.
SwallowPremium
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Let's see how price behaves at the current levels. Thanks for sharing.