GALA PERSONAL ANALYSIS IN THE SHORT TERM

11 déc. 2021

Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the coin itself is neutral-bullish. The sentiment has carried the coin to new heights, however it was too fast and too high that it is already overdue for a retracement and will need to go back to 0.5 or 0.382 to establish long term confidence in buyer interest (support). As of the moment, the coin has no established supports therefore one should be cautious on performing a soft buy as if you did, you are actually buying the top which is not good.

Recommended Strategy:

Short in the appropriate resistance, do not short just yet nor long just yet. Coin itself is very hard to trade/scalp in its region at the moment.

15 déc. 2021

Note

Due to the positive news of FED today, the move to the upside is more likely now than approaching the 0.040$$ range however the resistance near the 0.084$ is still a major resistance until proven otherwise. Happy Longs Everyone!