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Trading signals for #GALAUSDT - The price is coming out of the old range

2023-07-18 13:28

💡 Ideas For GALAUSDT 💰

📈 GALAUSDT - The price is coming out of the old range

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GALAUSDT goes beyond the resistance of the global descending channel that has been forming for a year. Now the price is forming a wedge. What to expect next?

A break of the channel resistance forms a new channel, but at the same time the price is squeezed by the current range boundaries in the wedge format.

In the near future, we should expect a retest of resistance followed by a breakout. The altcoin market is starting to revive and a GALA breakout of this area may give us a good potential.

There may not be a strong reaction at the moment, as bitcoin is in the correction phase, but the prerequisites are clear on the chart.

Support levels: previously broken boundary, 0.02310, 0.1783.

Resistance levels: 0.02694

I expect consolidation followed by a breakout of 0.02694 and then a retest of the wedge resistance. The extreme movement may give a signal.

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#GALAUSDT 💰

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