Hello traders 🐺 .
in the previous months we saw GALAX start a very very fast move to the upside and everybody shocked about that , but this days almost nobody looking for buy opportunity in GALAX ; but in my opinion this trading area is very attractive for buy some cheap GALAX coin .
let's start :
in the chart above we can see GALAX after reaching all time high price started to decrease and if we draw Fibonacci retracement tool from the beginning to the top we can see a important levels for the GALAX in my opinion this down trend could end around 0.618 Fibonacci golden ratio , but if I want to be honest with you guys in the chart we have a M pattern which already playing out in the chart and the target of the M pattern is around 0.786 Fibonacci .
but in the other side we have a very strong Fibonacci level which is 0.618 and price already is at that level so there is possibility to see reversal from current level or at least retesting the upper trend line of the channel .
the target of this bull flag could calculate easily but now I think it's very soon to decide about the price bottom so we can't measure the flag target with the current information and need more confirmation from the market .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺
in the previous months we saw GALAX start a very very fast move to the upside and everybody shocked about that , but this days almost nobody looking for buy opportunity in GALAX ; but in my opinion this trading area is very attractive for buy some cheap GALAX coin .
let's start :
in the chart above we can see GALAX after reaching all time high price started to decrease and if we draw Fibonacci retracement tool from the beginning to the top we can see a important levels for the GALAX in my opinion this down trend could end around 0.618 Fibonacci golden ratio , but if I want to be honest with you guys in the chart we have a M pattern which already playing out in the chart and the target of the M pattern is around 0.786 Fibonacci .
but in the other side we have a very strong Fibonacci level which is 0.618 and price already is at that level so there is possibility to see reversal from current level or at least retesting the upper trend line of the channel .
the target of this bull flag could calculate easily but now I think it's very soon to decide about the price bottom so we can't measure the flag target with the current information and need more confirmation from the market .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺
_____________________________________
✅OFFICAL CHANNEL : t.me/kiu_crypto
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
_____________________________________
✅OFFICAL CHANNEL : t.me/kiu_crypto
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
_____________________________________
