GALA - Wyckoff Reaccumulation 🧐

Here's one we've been looking at through this consolidation that is also a Wyckoff Accumulation.

I like GALA 👍🏻.

It had some brief but strong pump action before the crypto top and again from the low it had a strong pump.

Since then it has consolidated well and it has exactly followed the Wyckoff Reaccumulation schematic.

Now it has probed above it appears to be moving on up into LPS Last Point of Support and SOS Sign Of Strength, potentially into the next wave up.

The descending channel "Creek" is the giveaway that there is upside strength.

Also finding support nicely on the 4H 50MA throughout the consolidation.

This is another coin that could be a big hitter once the bull market really gets going...

Looking at this type of content every day 👍🏻.

Not advice.

Comment:

Market pull back today but so far GALA is only r-testing the top of the trading range. If it holds here it is bullish.

Comment:

What I teach is that whichever techniques / school we are learning it is important to attain fluid use (without bending rules) as each asset market is different. And this is especially important in crypto as price dynamic is very elastic.

With Wyckoff Schematics, any part can be extended, repeated, augmented, truncated.

And so the latter Re-accumulation phases appear to be repeating here and so "Jump Accross The Creek" into SOS Sign-Of-Strength has happened twice so far, but the key detail is that when it falls back down it has found support on the 4H 50MA which is gradually trending higher.

As it trends along the 4H 50MA it is pushing up, finding support on BCLX Buying-Climax that was resistance and now ST Secondary-Test is also becoming support - pushing up and out of the re-accumulative trading range.

This latter phase is now forming a contraction pattern that may push GALA into the next wave up 👍🏻.

Comment:

Re-accumulation fractals repeating.

GALA rising.

Cause building.

GALA will ignite soon 😼.