A Slight Move Of Bitcoin Can Trigger GALA Token To Breakout The Wedge

in hive-182782 •  3 years ago 

Hi friends hope you are well, and welcome to the new update on the Gala token.

After breaking down significant support of $0.07, now Gala is dropped at the next support of $0.05, in fact from $0.05 to $0.043 can be a very strong support zone for Gala.
On an hourly time frame, Gala has formed a rising wedge pattern, which is a bearish biased pattern.

image.png

But as Bitcoin has already broken out a channel and re-testing the resistance of the channel.

image.png

If BTC starts any upward move from here, then Gala can breakout the resistance of Wedge. You can watch a detailed analysis in the video.

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Atif, you are a great hard-working person, and I know for a fact you'll be very successful so soon.

It's an honor for us that you are a member of our small community, and I wish you the best of luck with your technical analysis journey.

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