Galaxy Digital Holdings Stock Seeing Some Bullish Price Action: Technically Speaking by Dwight Galusha

Galaxy Digital Holdings Ltd. (TSX:GLXY) trading suggests a continuation of the uptrend is now underway

Dwight Galusha | September 8, 2021 | SmallCapPower: Galaxy Digital Holdings Ltd. (TSX:GLXY) is starting to push above major horizontal resistance after breaking out from a continuation pattern. This price action is bullish and suggests a continuation of the uptrend is now underway.

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Galaxy Digital is a diversified asset management firm dedicated to the digital assets and blockchain technology industry. The firm manages capital on behalf of external clients in three distinct business lines: Index Fund Management, Blockchain Ecosystem Funds, and Opportunistic Funds. Galaxy Digital Capital Management’s multi-disciplinary team has deep experience across active and passive portfolio management, capital markets, operations, and blockchain technology.

The company is a subsidiary of Galaxy Digital Holdings, which was founded by Michael Novogratz, a former Principal and Chief Investment Officer of the Fortress Macro Funds, and a former Partner at Goldman Sachs.

On September 2, 2021, Galaxy Digital reported preliminary assets under management of US$2.1 billion as of August 31, 2021, a 31% month-over-month increase.

Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com

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