Hi all this is my idea for what i think will happen with gala in the coming days.
Of course this is not financial advice please do your own research.
As you can see from the chart, we are yet again coming to a junction of the fib channel level and the fib resistance level. This is going to cause major action to occur.
So far we can tell that the ukraine/russia war isn't having a huge affect on crypto, so its safe to say that when we meet this junction that we are likely to try to break the resistance at 0.27 then look to push all the way to 0.46 where we have had major resistance/support in the past.
If this happens then we are likely to see a slight retracement to the next support at 0.38 before we try for another major push to 0.55
Of course if we fail to break the 0.27 resistance than we are looking at a fall back to 0.19 or potentially 0.09 if that doesn't hold.
Please like and comment if you agree/disagree.
Feel free to subscribe if you want to see more Gala charts.
Cheers.
Of course this is not financial advice please do your own research.
As you can see from the chart, we are yet again coming to a junction of the fib channel level and the fib resistance level. This is going to cause major action to occur.
So far we can tell that the ukraine/russia war isn't having a huge affect on crypto, so its safe to say that when we meet this junction that we are likely to try to break the resistance at 0.27 then look to push all the way to 0.46 where we have had major resistance/support in the past.
If this happens then we are likely to see a slight retracement to the next support at 0.38 before we try for another major push to 0.55
Of course if we fail to break the 0.27 resistance than we are looking at a fall back to 0.19 or potentially 0.09 if that doesn't hold.
Please like and comment if you agree/disagree.
Feel free to subscribe if you want to see more Gala charts.
Cheers.
Trade closed manually:
This had a delay uploading, so I made a more accurate idea. disregard this idea.