Hello, dear friends!
Today I will show you why there is a huge confidence in potential pump for
GALAUSDT.P and also the bear market could be finished for this asset.
First of all let's take a look at the 2D time frame. It looks like price is printing the ending diagonal in last bearish wave 5 which consists of 5 waves.
Awesome oscillator is showing the potential divergence. Of course, momentum has not been changed still, but when we will see three green bars on the hist it means that we did not make a mistake.
Watch out the updates to this article in the next hour!
Today I will show you why there is a huge confidence in potential pump for
GALAUSDT.P and also the bear market could be finished for this asset. First of all let's take a look at the 2D time frame. It looks like price is printing the ending diagonal in last bearish wave 5 which consists of 5 waves.
Awesome oscillator is showing the potential divergence. Of course, momentum has not been changed still, but when we will see three green bars on the hist it means that we did not make a mistake.
Watch out the updates to this article in the next hour!
Note
Now let's consider the wave's structure inside wave 5. It has also 5 EW and now the potential divergence is forming. Of course it can be easily broken, but now everything is looking bullish.Note
And finally, let's go to 3h time frame to looks in details at wave 5 inside wave 5 inside wave 5. Now we have the divergence, we have the bullish reversal bar and momentum change to the upside. Looks like GALA bear market finished. I don't know the exact target, let's see later, but it bottomed in in my opinion.
Note
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Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
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➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Related publications
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.