With the huge drop last Friday, GALA has made a strong support around the $0.41 area. With today's drop not even coming close, there's a decent chance that this was the bottom for GALA and the price will follow this bull-flag pattern in the near future.
Expect some volatility around the supports and resistances of this pattern.
Since this is a bull-flag, a bullish break out later this month is most likely. However, this is very dependent on BTC's performance.
Happy trading!
Expect some volatility around the supports and resistances of this pattern.
Since this is a bull-flag, a bullish break out later this month is most likely. However, this is very dependent on BTC's performance.
Happy trading!
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