Скачать или смотреть GALA Technical Analysis: Bullish Pattern Breakout Aims for a 34% Rally | Cryptoknowmics

#TechnicalAnalysis #Analysis #PriceAnalysis #CryptoAnalysis #Gala

Hello and welcome back guys to our channel Cryptoknowmics!

Hi, I am Megha Chhikara, back with yet another analysis for you today!

Today, we’ll be reading about the token GALA, A post-retest rally from the channel pattern breakout could push the GALA/USDT pair back to the August swing high of $0.07

The GALA/USDT daily technical showcase a short-term range-bound movement between the $0.07 and $0.0465 barriers. Furthermore, with the recent widespread sell-off in the market, the bears offset the July to early August gain and plunged to bottom support of $0.0465. Thus, a retest to this high accumulation zone offers a reversal opportunity for coin holders.

Well , watch this entire video till the end to learn more about the upcoming trend in GALA, but before that don’t forget to hit the subscribe button!

So, let’s read The key points of this analysis and see where it takes us!

The GALA price breaks the falling channel pattern.The intraday trading volume in GALA is $166 Million.

Well the graph on my screen has a lot to say about GALA today too so, let’s see what it is!

https://www.tradingview.com/x/hoSweBbv/

The GALA price was wavering near the $0.0465 support for nearly a month, trending lower into a falling channel. This pattern is known to trigger a strong directional rally once the prices break above the resistance trendline.

Thus, on September 9th, the GALA price gave a decisive breakout of the pattern trendline, hitting an early sign of a bull run. The coin price currently trades at the $0.051 mark, with an intraday fall of 1.81%.

The Doji-type candles in the retest phase reflect a quarrel between buyers and sellers. Thus, if the buying pressure persists, the altcoin could rise 34% high to the top resistance of $0.07.

The daily-RSI slope on the verge of crossing above the neutral line will give additional confirmation for a bullish reversal. A bullish crossover between the MACD and Signal lines gives interested buyers a buy signal. Similarly, these may soon enter the bullish terrorist indicating the buyers are controlling the price action.

Thus, the indicators maintain an optimistic outlook for GALA price recovery.

And finally, with hope & some positive indications, we conclude our today's session and we’ll be back with yet another coin for you!

Till then stay tuned to Cryptoknowmics, Crypto world at your fingertips