🔥 GALA Fibonacci Reversal: Massive Triangle Analysis
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.
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.
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