GALA: Signs of Strength
GALA has been in a downtrend for about 66 days. I have my fib measured to the ATH candle close (not the wick), and the .786 held when BTC fell to 33K.
So, is this considered the start of a reversal?
There are signs that are pointing in that direction:
For now, GALA is looking strong, and I'm long-term bullish on the Metaverse projects. Short-term movement will depend on BTC's position.
This is not financial advice. These are just my ideas and opinions.
So, is this considered the start of a reversal?
There are signs that are pointing in that direction:
- Daily RSI was heavily oversold and has broken the downtrend
- The main downtrend line of resistance has been broken as well
- .786 fib held and bounced above the .618
For now, GALA is looking strong, and I'm long-term bullish on the Metaverse projects. Short-term movement will depend on BTC's position.
This is not financial advice. These are just my ideas and opinions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.