GALA / TetherUSLong
Gala Update: Bullish - Back Testing Support
Aggiornato
I had the day off yesterday and missed the downward movement, which, in hindsight, was fairly predictable. There was a noticeable bearish CVD (Cumulative Volume Delta) divergence forming as early as yesterday morning, signaling a potential correction.
Despite that, it wasn’t anything too serious. As you can see, price broke out of the diagonal resistance and has since come back to back-test it as support. We’ve successfully held that level as support—definitely a positive sign.
Looking ahead, my next target upward is $0.04586, as we continue to work through resistance levels step by step.
Key Levels:
This progression suggests that Gala is in a healthy consolidation and recovery phase, provided the support levels hold. Keep an eye on volume and market reactions as we approach the $0.04586 target.
Despite that, it wasn’t anything too serious. As you can see, price broke out of the diagonal resistance and has since come back to back-test it as support. We’ve successfully held that level as support—definitely a positive sign.
Looking ahead, my next target upward is $0.04586, as we continue to work through resistance levels step by step.
Key Levels:
- Support: Holding the back-tested diagonal resistance as support is critical for maintaining bullish momentum.
- Resistance: Watching for the next significant hurdle at $0.04586, which aligns with the next resistance zone.
This progression suggests that Gala is in a healthy consolidation and recovery phase, provided the support levels hold. Keep an eye on volume and market reactions as we approach the $0.04586 target.
Ordine annullato
Sorry guys price broke down this is not ideal.
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