$GALA$: Bullish 🐂 [Extended Analysis]

Feb. 17 Update:

What’s up: Trade entered but it nearly got stopped out at the 78.6% Fibonacci level. Since $GALA$ found support within the golden zone, a.k.a. 61.8% level, I decided to lower my target to the 1.618% level [0.059039].

The Super-Short-Term Play: 3-7 days
2.48-to-1 PL Ratio.
Entry: 0.049316; Target: 0.059039; SL: 0.045388.

Hourly Resistance Zones

1. 0.04817 - 0.04895
2. 0.04932 - 0.05074
3. 0.05303 - 0.05560

Hourly Support Zones

1. 0.04702 - 0.04649
2. 0.04601 - 0.04539
3. 0.04420 - 0.04308

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Feb. 16 Analysis

What’s up: Bullish flag spotted on the 4H chart of $GALA$. I am looking for an entry on a pullback at the 38.2% Fibonacci Retracement level [0.049316] which is subject to change based on the latest 4H candle which could potentially push higher. I anticipate 34% - 48% profit within a week.

The Super-Short-Term Play: 3-7 days
4.25-to-1 PL Ratio.
Entry: 0.049316; Target: 0.066008; SL: 0.045388.

TA Methodologies:

1. Supply & Demand Theories
2. Price Momentum
3. Fibonacci Retracements & Extensions SR Zones
4. Trendline Breakout
5. RSI Movement Strengths