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FieryTrading
Jul 30, 2022 12:24 PM

🔥 GALA Falling Wedge Break Out: Volatility Coming Long

GALA / TetherUSBinance

Description

GALA has been one of the most underperforming alts ever since the capitulation in late June. Several related alts, see AXS and SAND, have seen big gains. One would think that GALA has a lot of bullish potential to make up for the relative weakness.

As of now, GALA is trading at the resistance of the falling wedge. Falling wedges are classically bullish reversal patterns, so we assume this will break bullish sooner or later. If we get a daily close above the resistance line we could see further upside potential, see blue targets.

If we reverse from here we can try a break out later. Be patient.
Comments
Vibranium_Capital
Nice and lovely
UnknownUnicorn15614419
Nice one)
mastershark
👏👏👏
MonoCoinSignal
Great POV
YMGroup
exceptional work you are doing for gala analysis, I also have the same view
DeGRAM
Thank you for sharing your analysis
P_S_trade
Thanks for sharing, nice trade pattern
TheSignalyst
I agree Fiery
RLinda
Agree. Thanks for sharing)
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