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GALXE – GAL/USDT – 1H – Londinia Opportunities Analysis published on 02/12/2024 (GMT)

Londinia Opportunities Analyses – 02/12/2024 (GMT) GALXE – GAL/USDT – 1H

I am delighted to see that my first price objective has been achieved. I hope you’ve taken advantage of it.

  • Cryptocurrencies
  • Timeframe : 1H
  • – Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
My opinion
Bullish above 2.22 USDT
My targets
2.30 USDT ( +1.77% )
2.48 USDT ( +9.73% )
My analysis

GALXE – GAL/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.22 USDT . The next resistance located at 2.30 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.48 USDT . With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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