๐จ๐ BREAKOUT ALERT! ๐๐จ
Are we witnessing the long-awaited breakout we've been anticipating? Let's delve into the analysis.
๐ On the daily chart, Gala has been testing the $0.068 level repeatedly, establishing it as a crucial resistance post-correction. After nearly a week of consolidation around this range, Gala has finally breached this resistance.
๐ Moreover, the ascending triangle pattern forming on the trendline adds further confirmation to this upward movement.
The icing on the cake would be a close near or above $0.07, solidifying this breakout and potentially paving the way for surpassing the previous swing high of $0.0827.
In case of a fakeout, initial support levels to watch are $0.06 and $0.055.
BOTTOMLINE: Current indications suggest Gala's gradual ascent, with the trendline providing consistent support over the past weeks. Even during corrections, the lower trendline has acted as a reliable support zone. A steady rise beyond $0.0827 seems plausible.
Please note, this analysis represents my perspective and not financial advice. Conduct your own research (#DYOR) before making any trading decisions.
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