GALAUSDT 1D - Bullish ChannelGALAUSDT 1D - Bullish Channel
GALA, after making lows at 0.0135, is developing a bullish channel with rising highs and rising lows.
It is an interesting value to follow in a trend because it tends to be constant.
The strategy to follow will be to buy at the base of the channel and take profits in the 0.026 area where it has a clear resistance. Now, at the moment it is in a consolidation area so we have to be attentive and respect the SL to protect our investment.
It is likely to continue its trend looking for 0.026, but it is still below the EMA-100 so it can easily turn around.
To confirm that it has bullish strength, we should expect a cross of EMA-50 and EMA-100 and for the value to fluctuate on both EMAs.
LEVELS:
SL: 0.017
TP1: 0.026
TP2: 0.048
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
