Since making the huge move in late November, GALA has been trading up and down without much volatility. During this period of consolidation a clear bull-flag pattern has emerged on the chart.
Since BTC seems to be reversing together with new all-time highs of the stock market, it might be a good time to take a closer look at GALA. If BTC continues its bullish behaviour, I'm expecting a bullish break out in the near future. Since we're currently trading near the support of the pattern, risk-loving traders might already consider an entry.
Targets are placed at the all-time high and a local top.
Happy trading!
Since BTC seems to be reversing together with new all-time highs of the stock market, it might be a good time to take a closer look at GALA. If BTC continues its bullish behaviour, I'm expecting a bullish break out in the near future. Since we're currently trading near the support of the pattern, risk-loving traders might already consider an entry.
Targets are placed at the all-time high and a local top.
Happy trading!
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