🔥 GALA Fibonacci Reversal: Massive Triangle Analysis

24 במרץ 2023

In my last GALA analysis I talked about the fact that GALA broke out of a bearish channel and retested the resistance as support. My targets have been achieved, congratulations if you took the trade.

The second target in my last analysis was placed at $0.05, which is also the 0.618 Fibonacci Retracement, and if often a strong resistance.

With BTC seeming weak, alts are losing even more ground because of the increasing BTC dominance.

I'm anticipating a bearish move towards the bottom support of the triangle. If BTC can catch a bid, GALA might see a pump towards the top resistance of the pattern.