Hello everyone, I invite you to review the GAL / USDT chart on the 1 day interval.
First of all, we will use a white line to mark the downward trend, which the price has already tried to overcome several times upwards.
However, looking at the chart, we see that the local price fell below the local uptrend line.
Now let's move on to the support designation and as you can see, we first have support zones from $ 2.02 to $ 1.92, then we have support lines at $ 1.66.
Looking the other way around, we can identify several resistance lines for the price, the first resistance is at $ 2.18, the second is at $ 2.33, the third is at $ 2.46 and the fourth is at $ 2.57.
Please take a look at the CHOP index which indicates that we have a lot of energy in the 1 day interval, and the MACD indicator shows an upward trend.
First of all, we will use a white line to mark the downward trend, which the price has already tried to overcome several times upwards.
However, looking at the chart, we see that the local price fell below the local uptrend line.
Now let's move on to the support designation and as you can see, we first have support zones from $ 2.02 to $ 1.92, then we have support lines at $ 1.66.
Looking the other way around, we can identify several resistance lines for the price, the first resistance is at $ 2.18, the second is at $ 2.33, the third is at $ 2.46 and the fourth is at $ 2.57.
Please take a look at the CHOP index which indicates that we have a lot of energy in the 1 day interval, and the MACD indicator shows an upward trend.