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Cryptocurrency News Articles

GALA and TOTAL3 Token Analysis - Bull Flag Pattern Spotted, Continuation of the Upward Trend Expected

Dec 29, 2024 at 06:05 pm

The chart indicates that GALA is experiencing a short-term bearish trend with a descending resistance line and decreasing RSI momentum. However, the long-term trend shows potential bullish momentum, supported by a strong base at critical support levels. If the price breaks out above the descending trendline, it could signal a significant upward move. Currently, it appears bearish in the short term but aligns with a longer-term bullish perspective. The chart for TOTAL3 reveals a classic bull flag pattern, signaling a continuation of the upward trend in the long term. The EMA ribbons are aligning positively, suggesting strong underlying support. While the short-term price action appears consolidated within the flag, any breakout above resistance could indicate a significant rally. TOTAL3 shows a short-term bearish consolidation phase but maintains a robust bullish outlook for the longer time frame.

GALA and TOTAL3 Token Analysis - Bull Flag Pattern Spotted, Continuation of the Upward Trend Expected

The GALA chart showcases a short-term bearish trend with a descending resistance line and decreasing RSI momentum. However, the long-term trend indicates potential bullish momentum, supported by a strong base at critical support levels. If the price breaks out above the descending trendline, it could signify a substantial upward move. Currently, it appears bearish in the short term but aligns with a longer-term bullish perspective.

Moving on to the chart for TOTAL3, we can observe a classic bull flag pattern, which usually signals a continuation of the upward trend in the long term. The EMA ribbons are aligning positively, suggesting strong underlying support. While the short-term price action appears consolidated within the flag, any breakout above resistance could indicate a significant rally. Overall, TOTAL3 shows a short-term bearish consolidation phase but maintains a robust bullish outlook for the longer time frame.

Based on these observations, a short-term sell signal is generated for GALA and a long-term buy signal for TOTAL3. The entry price for the GALA sell is 0.03447, with 1st, 2nd, and 3rd TPs at 0.04998, 0.07037, and 0.08217, respectively. This signal applies only to spot trades; for future signals, please join the binance live session.

Simply click on my profile to access the live session.

Mentioned symbols in this signal:

$GALA

News source:www.binance.com

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