GALA / TetherUSLong
ACCUMULATION , BREAKOUT , UPWARD TREND?
Hello Traders !
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- Looking at GALA at 4h time chart frame it had a successful breakout from the downtrend with a very strong volume to the upside , buyers found resilience from sellers when reaching level resistance at 0.3530$ and in return sellers
manage to push the price again downwards.
- We would like to see buyers forming a new higher low on level support 0.3000$ as it shown on the chart taking the price higher towards level zone 0.353$ - 0.418$ respectively. If buyers failed to hold this psychological support zone price could drop towards old level support 0.23$ and 0.176$.
- Until then we will watch the chart and see our daily candle close above level support 0.3000$ in order to confirm the uptrend.
Good Luck traders1
- Please push the like button if you like the content or drop a comment to share your idea!
- Looking at GALA at 4h time chart frame it had a successful breakout from the downtrend with a very strong volume to the upside , buyers found resilience from sellers when reaching level resistance at 0.3530$ and in return sellers
manage to push the price again downwards.
- We would like to see buyers forming a new higher low on level support 0.3000$ as it shown on the chart taking the price higher towards level zone 0.353$ - 0.418$ respectively. If buyers failed to hold this psychological support zone price could drop towards old level support 0.23$ and 0.176$.
- Until then we will watch the chart and see our daily candle close above level support 0.3000$ in order to confirm the uptrend.
Good Luck traders1
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.