Hi 🤚
As can be seen in the daily chart of the Gala cryptocurrency, the price was able to break the ceiling of its descending channel upwards and have a change in nature from a downward (long-term) trend to an upward trend. This movement of the upward spike that caused the roof of the channel to break; It has created a price imbalance (FVG).
FVG can absorb the price, which in terms of price, after a strong uptrend, a correction can look logical.
Also, the RSI indicator shows the number 77, which indicates the saturation of the price, and to reach the balance, the price must be below the number 70.
The price correction can be done up to the support level of $0.0.23 and then we can expect the price to grow up to the resistance area of 0.0650.
Arztoday Team ✨
As can be seen in the daily chart of the Gala cryptocurrency, the price was able to break the ceiling of its descending channel upwards and have a change in nature from a downward (long-term) trend to an upward trend. This movement of the upward spike that caused the roof of the channel to break; It has created a price imbalance (FVG).
FVG can absorb the price, which in terms of price, after a strong uptrend, a correction can look logical.
Also, the RSI indicator shows the number 77, which indicates the saturation of the price, and to reach the balance, the price must be below the number 70.
The price correction can be done up to the support level of $0.0.23 and then we can expect the price to grow up to the resistance area of 0.0650.
Arztoday Team ✨