Disclaimer: This is not financial advice this is just an idea, Please do your own research.

Hi all,

Today I’m excited to see that the 2 channels are getting closer to hitting and the event of a breakout or breakdown is imminent.
Within the next few days I’m expecting GALA to continue to consolidate around the 0.23 -> 0.24 region. Then between 3rd to 5th of March we are expecting to see a breakout occur as the cross of the two channels converge.
We have seen recently that the Russia/Ukraine War isn’t affecting Crypto as a whole greatly, so I’m expecting a big push attempt to breakout from the current channel at around 0.258 once we are above this then our target is to break through the 0.286 fib level and beyond to 0.42, If we can reach this target then I am expecting a slight fall to consolidate before we push higher to 0.564 or more.
If however we can’t breakout above 0.258 then we may see a fall back to 0.19 or as low as 0.11 if that doesn’t hold.

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Cheers all.