On the weekly chart, GALA shows signs that may indicate:
• Formation of a price base: The price is moving within a narrow range after a prolonged downtrend, suggesting a possible end to the distribution phase.
• Increase in trading volume: Recent price rises have been accompanied by increased volume, supporting the idea of accumulation.
• Resistance breakout attempts: The price is testing previous resistance levels, which may confirm a transition into a new phase.
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📊 Technical Indicators
• RSI (Relative Strength Index): Around 61, indicating bullish momentum without entering the overbought zone.
• MACD: Showing positive signals with bullish crossovers.
• Overall technical outlook: Suggests the potential continuation of the uptrend if current breakout attempts are confirmed.
• Formation of a price base: The price is moving within a narrow range after a prolonged downtrend, suggesting a possible end to the distribution phase.
• Increase in trading volume: Recent price rises have been accompanied by increased volume, supporting the idea of accumulation.
• Resistance breakout attempts: The price is testing previous resistance levels, which may confirm a transition into a new phase.
⸻
📊 Technical Indicators
• RSI (Relative Strength Index): Around 61, indicating bullish momentum without entering the overbought zone.
• MACD: Showing positive signals with bullish crossovers.
• Overall technical outlook: Suggests the potential continuation of the uptrend if current breakout attempts are confirmed.
Alshihry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alshihry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.