Gala analysis is straightforward. An upward move with 5 impulse waves followed by a downtrend move unfolded in 5 waves (not so sure about the corrective waves count) and then price breaking the downtrend line. It is upward time unless something strange happens like a very negative fundamental news about Gala. Let's see what happens.
Note
Note
So, GALA went up, broke the second minor downtrend line, made a pullback, and then continued upward.
Note
GALA is going toward the first horizontal resistance area. Let's see what happens.
Note
So, as it turned out, GALA is moving in an ascending channel, a wide one. GALA is currently at the bottom of the channel and must wait to break the downtrend line. Let's see what happens.
Trade active
So, GALA broke the downtrend line, and is going up. Let's see how high GALA can go.
Note
VIP Telegram channel: t.me/saeedcrypto_publicNote
So, even though GALA revisited the lowest level, its main analysis is still valid. Let's see what happens.
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.
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.