Gala recently broke out of the descending correction but not before there was a bout of manipulation.
The first manipulation we got was the "breakout" where price spiked above the wedge and then closed within it, making it a false break out. Soon after price dropped heavily and went beyond what most would class a support level.
We then got an actual breakout where the candle closed above the wedge. We had a nice structure and 61.8 bounce and moving on higher.
Watch for lower timeframe corrections and target the highs of 0.1400.
The first manipulation we got was the "breakout" where price spiked above the wedge and then closed within it, making it a false break out. Soon after price dropped heavily and went beyond what most would class a support level.
We then got an actual breakout where the candle closed above the wedge. We had a nice structure and 61.8 bounce and moving on higher.
Watch for lower timeframe corrections and target the highs of 0.1400.
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🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.