🚨🚨🚨🚨 BREAKOUT ALERT!!! 🚨🚨🚨🚨
Is this gain showing the sign of the breakout we're waiting for? Let's find out. 🧘
📈 On the daily time frame, the $0.068 level had a few retests in the past and for almost a week was hovering near this range. This was proving to be a major resistance after correction and today Gala finally surpassed it.
📈 The trendline too supporting this long awaited rise which is forming an ascending triangle pattern.
The cherry 🍒 on top will be a closing near or above $0.07. That will strengthen this rise and we could see the high of previous swing ($0.0827) broken soon.
If it turns out to be a fakeout, then the first support to this upward journey would be $0.06 followed by $0.055 🤳
BOTTOMLINE: Looking at the current scenario I think Gala will rise gradually taking support on the trendline as it has been doing for the past couple of weeks. Even after the correction, the lower trendline was the first support point. So I'm seeing a steady rise which will surpass $0.0827.
This is just my view on the analysis and not investment advice. Please #DYOR🟢. before taking any trade.
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