🔥 GALA Falling Wedge: Wait For Break Out
GALA was one of the first altcoins to rise in January, but also one of the first to top out and fall.
During GALA's bearish move over the last 5 weeks, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns.
I'm waiting for a bullish break out before considering a position. Keep in mind we can reverse from the top resistance. Targets in blue.
During GALA's bearish move over the last 5 weeks, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns.
I'm waiting for a bullish break out before considering a position. Keep in mind we can reverse from the top resistance. Targets in blue.
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