Recently I made an analysis on GALA and the bull flag it was trading in. At the moment I made this analysis, the market was in a much different state than it was two days ago. The initial break out ended up to be a fake out, and the price is back at the bull flag support area.
It's likely that GALA wants to reverse from here. However, with Bitcoin still not being out of bearish territory, there's a chance that the price will break bearish. Keep a close eye on Bitcoin and the overall market.
Happy trading!
It's likely that GALA wants to reverse from here. However, with Bitcoin still not being out of bearish territory, there's a chance that the price will break bearish. Keep a close eye on Bitcoin and the overall market.
Happy trading!
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