Like most Altcoins, BINANCE:GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year.
It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward.
The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end...
Gala (GALAUSD) is trading within a Channel Down pattern since early January and recently got rejected on the 1D MA50 (blue trend-line). Despite the declining trend, the 1D RSI is on Higher Lows, i.e. a strong Bullish Divergence.
The Lower Highs trend-line has been broken, and the previous two times it did so within the Channel Down after a bearish leg, a...
GALAUSD has comfortably established trading above the 1D MA200 (orange trend-line) ever since the January 09 break-out. It has long broken above the November 26 2021 Lower Highs trend-line, that was practically the trend-line that dictated the whole Bear Cycle and is officially (having made a Higher High as well) entered into the new Bull Cycle territory.
The...
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Gala (GALAUSD) has been trading within a Channel Down since the November 26 2021 High. The 1D MA50 (blue trend-line) has started to turn sideways but is still untouched since April 06. The 0.050 Support is holding on a potential Double Bottom formation but the strongest bullish sign comes from the 1D RSI which has been on Higher Lows while the price action has...
Gala (GALAUSD) is having the strongest 3 day rise (more than +270%) since it first started trading. The bounce came very close to the 2.0 Fibonacci extension from the first Low of this correction in January 22 2022.
However this is not enough technically to restore the long-term bullish trend and start a new Bull Cycle. In order to do so, Gala has to break the...
