There is no major change in the $Gala price formation from last week's ideas. $Gala is still trading in the descending triangle chart pattern and about time a decision is made as we are currently trading at the edge of the descending triangle, if it loses the support, more downwards movement is expected towards the next support as shown on the chart, alternatively, upwards target is shown on the chart as well. The decision referenced here is subject to the strength of #BTC!
Trade closed: target reached:
The support at $0.18590 was lost and Gala retested the local support at the $0.1200 region and is currently trading around there. The next likely stop is support at $0.07548.