Technical analysis by Shayan_pay about Symbol GALA: Buy recommendation (12/7/2023)

Gala currency has a lot of potential to rise, currently the downtrend channel has been broken and the price has crossed its moving 200 with a relatively high volume in daily timeframe and the resistance of 0.028 has been broken. After completing its 5 bearish waves, Gala has entered the upward correction wave ABC. I expect that in the first step to complete wave A, the price will rise to 161% of the previous small wave, around 0.135 . The ultimate target is the 61% Fibonachi of the previous big bearish wave (0.52$) Of course, the future of the market is in the hands of big buyers, and this prediction will come true if the dominance of altcoins (Others.D), increases and Bitcoin does not fall sharply.