Long

$GALA 150% GAIN | TREND TO WATCH

Updated

I am currently watching this downward trendline waiting for some sign of a break out before entering a long position. This will most likely be confirmed or cxled in a couple days to weeks depending on Bitcoin's price movement. Lowest entry could lead to a quick 150% spot gain. Set your alerts.

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Here is an updated version of the chart with three TP levels to watch. GALA is up today but still hasn't broken through the downward trendline. Watching and waiting for the snipe.

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GALA has soared 42% in the past week with our break out pattern being confirmed. The price briefly touched 0.4317. Almost double from the lows of 2 weeks ago. Keep holding this is only the beginning. Like for continued updates and targets!

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Since the first post GALA has broken out of its year long downtrend and moved up 71%, a great push but only about halfway to our target. I am continuing to hold.

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Added a large spot position to my GALA bag over the past few days around 0.42. I think this breakout has only just begun and we can expect further positive price movement. I am bullish short and long term.

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We are at ~0.57, up 32% on the day. We are over halfway to the price target keep holding!

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GALA completely smashed the price target faster than expected, resulting in a total gain of around +170%. Whether you hopped into this trade spot or leveraged, you ended up happy. Congrats and follow for more trades. I'll be looking at a longer-term GALA prediction soon.

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GALA is currently fighting to break a short-term downtrend on the 4HR. Much like the long-term downtrend we followed before, this could also break to the upside by ~55% back to recent highs if the resistance is broken. Keep an eye on this level and set alerts!

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GALA is currently trading between 0.544-0.59. At this moment, it is sitting in the middle of this consolidating range, which also happens to be a key resistance/support level at ~0.57. If we break down from this range, like the last move, we can potentially see a dip down to ~0.47. If we can breakout of this range, we might see a surge back to ~0.64, which is the next accumulated resistance.

Our entry is right around the current level. I still expect GALA to be a top performer this run in the medium to long term. However, the next move will largely depend on what BTC and ETH can do over the next week.

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We continue to trade between 0.56 and 0.64. Bitcoin is continuing to show strength in light of the FEDs remarks that they will be lowering rates this year. With Bitcoin strength we see alt strength.

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Also note we have been forming a clear triangle pattern which could potentially break out to the upside. A full pattern completion would put us around ~0.10 for a +65% gain. Wait for confirmation and then dive in!

altsandislands

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