GALA pushing up in this ascending wedge.
Looks to be reaching a point where it should lose momentum and retrace a bit.
Potential to take some profits if in a long trade here and add on should price retrace a bit.
Key areas will be when price returns to key support areas around midchannel and at the lower bounds of the channel.
Potential long entry around 0.01844 area with invalidation at previous low (0.01358).
Bullish scenario could be if price were to get above the current resistance and flip to support.
Looks to be reaching a point where it should lose momentum and retrace a bit.
Potential to take some profits if in a long trade here and add on should price retrace a bit.
Key areas will be when price returns to key support areas around midchannel and at the lower bounds of the channel.
Potential long entry around 0.01844 area with invalidation at previous low (0.01358).
Bullish scenario could be if price were to get above the current resistance and flip to support.
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Telegram: t.me/theNinjasDojo
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
TV Referral link: tradingview.com/pricing/?share_your_love=jod45m
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.