⚠️ Is GALA on the brink of a bullish explosion or a sudden drop? 💥
A quick analysis on the 4-hour frame reveals the price fluctuating between support at $0.0167 and resistance at $0.0192. The indicators are mixed:
⚡️ RSI Indicator: Neutral at 47 🔄
⚡️ MACD Indicator: Indicates potential buy signals 📈
⚡️ Moving Averages: Short-term bearish, long-term bullish 🌀
Technical Patterns:
💎 Double Bottom (W) at the bottom, a potential signal for a bullish reversal 🔔
💎 Completed Elliott Waves, preparing for a potential rise 🌊
Recommendation:
✨️ Wait for a breakout above resistance at $0.0192 with increased trading volume ⚡
✨️ Potential targets: $0.0210 – $0.0215 🎯
✨️ Stop loss below $0.0167 🛑
💡 Note: Markets are volatile, invest cautiously!
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