With the recent pumps in other similar Alts, I wouldn't rule out $LUNC following in similar manner. it has been trading within a rectangular range and formed a resistance within the rectangle that has held thus far, I expect it to retest the upper part of the rectangle any time soon as shown in the chart. N.B: It depends on #BTC price movement, remember #BTC is...
Some interesting updates on the fundamental side of it, $GALA ecosystem going deflationary and the recent acquisition of a mobile game studio with over 20 million users. For the T.A side of it, $GALA has broken out of the descending wedge formation, and it should go as high as the $0.09069 target shown in the chart if #BTC permits. Remember, #BTC has been trading...
$Gala is currently trading close to a major resistance (which doubles as the exchange listing price on Binance) in a descending triangle chart formation as shown with the HLs it has been making, I expect the price to bounce from this price range to the upside. According to the Fib Retracement Tool, a major bounce should take the price towards 0.786 Fib levels...
$GALA as been trading in the descending triangle formation for a while, it is currently retesting the support at $0.07548, if successful I expect more upside else downside, because of #BTC and macro levels effects. The supposedly upside is as a result of BTC temporary reversal, as we are still in a downtrend on the HF. Idea is captured in the chart.
There is no major change in the $Gala price formation from last week's ideas. $Gala is still trading in the descending triangle chart pattern and about time a decision is made as we are currently trading at the edge of the descending triangle, if it loses the support, more downwards movement is expected towards the next support as shown on the chart,...
$dYdX is currently holding on to the support in a descending chart pattern, if it breaks the support, expect a downwards movement as shown in the chart else I wouldn't rule out a retest of the resistance in the upper trendline in the triangle. I think #BTC is a determining factor here.