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InkyGrip

GALAUSDT is creating a pennant

Long
GALA / TetherUS (BINANCE:GALAUSDT)  
InkyGrip  
BINANCE:GALAUSDT   GALA / TetherUS
Trend Analysis Harmonic Patterns Chart Patterns pennantbreakout pennantpattern pennantformation
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trendanalysis harmonicpatterns chartpattern pennantbreakout pennantpattern pennantformation
the price is creating a penannt below an important resistance at 0.066 weekly resistance.
The price bounced on the 0.5 Fibonacci level.

How to approach it?
IF the price is going to have a breakout from the pennant and weekly resistance and CONFIRM the weekly support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
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