GALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit.
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
Comment:
If GALA gets rejected by the Golden Pocket again, I expect a brutal retracement.
