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GALA has seen a 94% drop from its all-time high back in November 2021. The weekly chart is in a clear downtrend yet we find ourselves directly at a potential support zone. The daily time frame saw a bullish crossover of the MACD on the 20th of May but this has not led to any bullish momentum just yet. Now a bear flag has formed on the daily chart in the form of a triangle. In addition, the Bollinger Bands are contracting, suggesting that there will be increased volatility over the coming days. In that case, you do need to know the important support and resistance levels. Over to Frank!!
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