RLinda ! GALUSDT-> The first signs of the bulls in the market

2022年11月1日

GALUSDT on the chart is dominated by the downtrend, but for a long time the price is in a rigid neutral, because it is impossible to identify exactly the strength of the market and the direction. The price is in a range between 4.25 - 2623

We see the formation of a support breakdown, but after the breakdown there is no strong move, the price reduces the volatility and returns to retest the level from below, when the price enters the 2.23 area, an activation of bids may follow and force the price to provoke a strong move up

In the 4h chart, we see a bullish pattern, the price breaks the resistance of the descending wedge and forms a consolidation above the support at 2.133. If the bulls strengthen above this zone, we should expect a rise against the trend.

• The first target is resistance at 2.418
  
• The next target is the liquidity zone 2.682.
  
• The third is the level of 3.390.
  

Regards R.Linda!

2022年11月3日

注释

+20% movement in our direction. The first target has been achieved.
The price after the breakdown of the wedge resistance has finally consolidated above the line and the momentum of November 3 is getting to our level. Let's keep watching and waiting for the growth up to the second target 2.682