Short term rally in $GALA? $.037-$.048 target?

A chance at 40%+-80%+ returns?

I know nothing about Gala, but the chart looks very bullish.

The chart looks like it's formed a large falling wedge which broke out and then formed an ascending triangle bottom. Upon a breakout of the triangle, I think rallies to at least $.037 but I think eventually it gets up to $.048.

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This might be invalidated. As I posted here

The continued risk for $BTC downside to $12.9k

, I still think BTC will head to $12k, thought we had another few days before the move started and that we'd see a bounce up to $17k-$18k. But we broke lower than wanted for this chart to be bullish.

If we can't break above the triangle by tomorrow, then it likely goes lower.

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My line in the sand is $.02537. Price needs to get back up above there and hold. If it rejects that range, then price will head lower.

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Okay just formed a double bottom and held the bottom range. The rally would need to happen in the next 2 days -- again price needs to get back above $.02537 for it to head higher. Let's see what happens at the new daily open.

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Rejected $.02537. Bias is down now.

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Resistance now broken. Chart is looking more constructive. Upper targets remain next targets

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I'm 50/50 on this idea but I'm not going to take the trade. Market is rolling over - don't want to be long risk.

benjihyam

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benjihyam

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