Hello Traders !
- Please push the like button if you like the content or drop a comment to share your idea!
- Looking at GALA at 4h time chart frame it had a successful breakout from the downtrend with a very strong volume to the upside , buyers found resilience from sellers when reaching level resistance at 0.3530$ and in return sellers
manage to push the price again downwards.
- We would like to see buyers forming a new higher low on level support 0.3000$ as it shown on the chart taking the price higher towards level zone 0.353$ - 0.418$ respectively. If buyers failed to hold this psychological support zone price could drop towards old level support 0.23$ and 0.176$.
- Until then we will watch the chart and see our daily candle close above level support 0.3000$ in order to confirm the uptrend.
Good Luck traders1
- Please push the like button if you like the content or drop a comment to share your idea!
- Looking at GALA at 4h time chart frame it had a successful breakout from the downtrend with a very strong volume to the upside , buyers found resilience from sellers when reaching level resistance at 0.3530$ and in return sellers
manage to push the price again downwards.
- We would like to see buyers forming a new higher low on level support 0.3000$ as it shown on the chart taking the price higher towards level zone 0.353$ - 0.418$ respectively. If buyers failed to hold this psychological support zone price could drop towards old level support 0.23$ and 0.176$.
- Until then we will watch the chart and see our daily candle close above level support 0.3000$ in order to confirm the uptrend.
Good Luck traders1