Hello traders 🐺 .
GALAX is one the coin that have a great potential for the big moves ; but currently GALAX price is at a critical moment in my opinion so it's could make a fantastic trade opportunity for us ; let's start with the patter :
1_pattern :
As you can see in the picture above you can see that a GALAX currently is breaking above the triangle pattern also you can count this as a flag pattern because if you look at the previous price move , you can see that during that time GALAC price was rise about the 1100% :
And after that move , price was started to accumulation and GALAX prepare it self for the next move , I will talk about the price targets in the price targets section
2_EMA Ribbon :
in the chart above we can see that the price is currently break above the EMA Ribbon and this is good news for the GALAX bulls but EMA Ribbon is still needs to flip to bullish completely .
3_TSI & RSI :
In the RSI we haven't any bullish or bearish divergence but it above the 50 and this show us that the RSI is bullish or at least it's not bearish ; TSI is breaking above the zero line and this a bullish sign for the GALAX .
4_ price targets :
now we reach to the one of the interesting part which I talk about that in the section 1 pattern , so let's start :
the first price target for the GALAX is around the daily resistance structure which is in alignment with the 0.382 Fibonacci level and after that I think that the next level of resistance is around the 0.618 Fibonacci level or the ATH .
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
GALAX is one the coin that have a great potential for the big moves ; but currently GALAX price is at a critical moment in my opinion so it's could make a fantastic trade opportunity for us ; let's start with the patter :
1_pattern :
As you can see in the picture above you can see that a GALAX currently is breaking above the triangle pattern also you can count this as a flag pattern because if you look at the previous price move , you can see that during that time GALAC price was rise about the 1100% :
And after that move , price was started to accumulation and GALAX prepare it self for the next move , I will talk about the price targets in the price targets section
2_EMA Ribbon :
in the chart above we can see that the price is currently break above the EMA Ribbon and this is good news for the GALAX bulls but EMA Ribbon is still needs to flip to bullish completely .
3_TSI & RSI :
In the RSI we haven't any bullish or bearish divergence but it above the 50 and this show us that the RSI is bullish or at least it's not bearish ; TSI is breaking above the zero line and this a bullish sign for the GALAX .
4_ price targets :
now we reach to the one of the interesting part which I talk about that in the section 1 pattern , so let's start :
the first price target for the GALAX is around the daily resistance structure which is in alignment with the 0.382 Fibonacci level and after that I think that the next level of resistance is around the 0.618 Fibonacci level or the ATH .
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
