šLONG: $GALA (1D)
Analysis:
Keep an eye on GALAUSD as it's trading within a Channel Down pattern. Over the past 2 years, it has shown 3 consistent Channel Down occurrences, bottoming at similar levels before breaking above. This indicates a potential for a profitable breakout of +200%. Don't miss out on this opportunity!
Price Targets:
If the trend continues, watch for the first target at $0.045. Upon breaking past this resistance, the next key level would be around $0.060. Ensure to confirm a buy only after a daily candle closes above the 50-day moving average, currently around $0.022.
