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Today we will analyse a coin which we personally hold in our portfolio and will keep until the end of the bull market.
๐ฝGALA GAME is a very interesting project from the fundamental analysis side. As you have already guessed the project is developing in the sphere of computer games. This area is now gaining more and more attention, projects such as AXS and ALICE have already brought more than 10 000%. Therefore, it is worth paying attention to this project. Now GALA takes 225th place in the list of all cryptocurrencies, capitalization of half a billion dollars + there is already a real product.
๐คOn the technical analysis side, the coin broke through the triangle, now the price has corrected and is testing the upper boundary of the triangle. So far, the four-hour candlestick closed below the upper boundary, which is a bad signal, and the price might continue correcting to the lower boundary of the triangle. But if it makes a false-break now and the price reaches above the upper boundary of the triangle, that would be a good signal for the upside and the price will continue rising towards $0.14 and $0.18.
We bought this coin on October 26 at $0.085 in a long accumulation, at 4% of our total capital. This is one of our medium-term positions. We expect a potential of 500% to 1000%.