After the recent consolidation/correction in a triangle, GLXY seems to fianally breaking to the topside and joining the recent BTC/Crypto rally on what could potentially be our awaited wave 5 discussed before.
Trade active:
As we expected, GLXY is exploding higher after breaking out of the triangle and playing catch up to the crypto rally. This is impulse wave 5. Potential minimum targets for this last impulse wave could be as low as $42.50 (thus failing to make a new ATH), but our prefered target is in the $60 area.
Comment:
Our minimum target objective was met and posted a high of 44 and is currently correcting some of the lastest move in line with the rest of the crypto world. We think there is still potential for new ATH as the structure of wave 5 does not look complete yet.
