GALUSDT On the Edge of Another Explosive Bull Rally? Yello, Paradisers! Are we on the verge of a major move for #GALUSDT? Let's dive into the key levels and potential scenarios to watch out for.
💎#Galxe has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. The POC of VRVP is acting as a significant support for #GAL, providing a solid foundation for potential upward movement.
💎 AMEX:GAL is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish Order Block (OB) around $1.980 could be on the horizon. This area is packed with liquidity and could propel GAL towards a breakout.
💎If #GAL can break above the descending resistance, supported by the liquidity at $1.980, we could see a strong bullish move toward the major resistance zone around $4.000.
💎Should the current resistance hold, we might see a retest of the key support level at $1.680. This retest could provide the necessary rally for a breakout. If the key support at $1.680 fails to hold, #GALUSDT could face increased bearish pressure.
Remember, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
GAL
GAL looks bearishFrom the place we inserted "start" on the chart, it looks like the GAL triangle has started.
To complete wave E, it can rise above the green range.
The red area is the right place for the E wave to end.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GALUSDT Critical Levels You Can't Ignore! Yello! Are you prepared for what's coming next for #GALUSDT? Let's dive into the latest analysis to see where this is heading and how you can stay ahead.
💎 GALUSDT needs to reclaim the price above the resistance at $3.10 to reverse back to an upward movement. Currently, GAL is in a retesting phase at the resistance, which suggests a continuation of the downward movement towards the support zone between $2.70 and $2.48.
💎 If the price fails to break through the resistance, it is likely that this support zone will be revisited. The last time GAL visited this area, it saw a strong bullish rejection, indicating significant buying pressure in the support zone.
💎 If GAL successfully rebounds from the support zone, a probability reversal back to the upside is on the horizon. However, this requires a critical confirmation: breaking the resistance area at $3.10. This break would ease the path through the descending resistance and lead to our target at a stronger resistance area.
💎 Conversely, if GAL fails to bounce at the support zone and breaks down further, this could probability confirm bearish momentum and invalidate bullish scenarios. In such a case, the price might dip even further.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
📈GAL Coin Analysis: Potential Long and Short Opportunities💎🔍Today is Monday, and as mentioned yesterday, the market tends to experience reduced volatility on holidays, making it advisable to refrain from opening new positions and take a break instead. Despite the minor fluctuations seen in the market today, none of the triggers were activated for initiating positions due to the limited volatility.
⚡️In today's analysis, we will focus on GAL coin, associated with the project Galexe, a decentralized platform facilitating interactions between projects and their communities, enabling distribution of airdrops, rewards, or NFTs seamlessly. The GAL coin has experienced a significant uptrend, especially driven by its growing website and collaborations with new projects. Currently, on the weekly timeframe, GAL is consolidating, while on the 4-hour timeframe, a downward trend is evident.
⏳In the daily timeframe, a descending trendline indicates a bearish bias, but considering the bullish nature of GAL on the weekly timeframe, a new uptrend may be underway, potentially impacting even the daily and weekly structures positively. The trigger for confirming this trendline is at 3.872, which may take considerable time to materialize.
📈From another perspective, recent candles breached the support at 3.33 but failed to establish below it. Following a brief consolidation around 3.124, the price reversed upwards, indicating a possible fakeout of the support. Typically, after a fakeout, re-entering the range can lead to a move towards the range high. Therefore, we can consider seeking long positions. The primary resistance for initiating this new uptrend is at 4.829, although the current price range is between 3.33 and 3.872. Since the support at 3.33 has been faked, and the price returned within the range, we can expect it to reach 3.872. Hence, a reliable trigger for long positions is at 3.447, which coincides with the POC (Point of Control) in the fixed range volume profile, suggesting significant selling pressure in that area. If buyers manage to absorb the selling pressure and establish above this level, it indicates their strength, providing an opportunity to join the uptrend.
✨Moreover, the breakout of the RSI resistance at 54.49 can further confirm the bullish momentum. However, it's essential to note the low volume of the bullish candles, indicating weak buying pressure. Therefore, entering long positions requires caution due to the high-risk nature of the trade. It's advisable to enter smaller timeframes like 1-hour or 15-minute charts with a tight stop-loss and aim for a quick risk-to-reward ratio of 2.
📉For short positions, the bearish trend offers a more straightforward approach. The weakening bullish momentum is evident from the decreasing size of the upward candles, indicating diminishing buying pressure. A critical level for short positions is at 3.447, where a small range box formation on lower timeframes can provide a favorable entry point. Managing short positions can be approached in two ways: setting a small stop-loss with a risk-to-reward ratio of 2 or 3, or waiting for the breakdown of the support at 3.124, depending on the market conditions.
📝In conclusion, GAL coin presents potential opportunities for both long and short positions, but traders must exercise caution and adapt their strategies according to the market dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
GAL/USDT It shows potential price will bounce from the support!💎 Paradisers, #GAL is indeed a coin worthy of close attention.
💎 Currently trading within a bullish flag pattern, GAL shows potential for a bounce from the support area as it approaches the resistance trendline of the pattern.
💎 For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest our target strong resistance area.
💎 However, if GAL fails to bounce from the support zone between $3.6 to $3.3 and breaks below it, this could signify bearish momentum, with GAL likely to trend lower towards the support trendline or the demand area around $2.5.
💎 The GAL must bounce from the demand area, as it represents a significant support level. Moreover, reclaiming a position above $3.6 is essential for GAL to sustain its upward trajectory and reach our target area.
💎 If GAL breaches the demand area, it would confirm bearish sentiment. Exiting positions might be prudent if GAL's candle closes below the demand zone, as this could indicate further downside potential.
MyCryptoParadise
iFeel the success🌴
Alikze »» WIN | Breaking the necklineIn the weekly time, after a complete correction cycle, after the failure of the dynamic trigger, it has entered an upward phase, and the green box can be considered as a support for the continuation of the upward path of this currency. The first supply zone must be broken to continue, which will at least have the ability to return to the 0.0017900 zone. Therefore, if the green box does not break to the bottom and does not stabilize to the bottom, the specified goals will be reachable.
If the behavior and structure of the post changes, it will be updated.
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Galxe (GAL): Will we see a rebound to $5.85?Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level.
The most significant volume node, where the bulk of trading has occurred, is around $3.35.
This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range.
Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,
GAL/USDT Break Alert! Bullish Momentum for GAL continue upward.💎 Paradisers, the recent market dynamics surrounding #GAL have been noteworthy.
💎 GAL has successfully broken out of the resistance trendline, indicating a bullish momentum for its next movement.
💎 There's potential for the price to first test the trendline around the 4.5 area before continuing its upward movement and attempting to break the local resistance at 5.05.
💎 Alternatively, if GAL breaks the resistance directly without testing the trendline area, it could continue its upward trajectory and reach our target area of the Bearish OB and supply zone.
💎 However, if GAL fails to bounce off the support trendline at 4.5 during the retesting phase, or if the price closes below the line, it could signal a retracement back to the Bullish OB area to establish new momentum.
💎 The Bullish OB area holds significance, and if breached, the last bullish support lies within the $2.7 - $2.45 area. Should this support also be broken, it would confirm a bearish trend, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
GAL/USDT - Galxe: BBand Breakout◳◱ On the $GAL/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 4.989 | 5.538 | 6.526 and support near 4.001 | 3.562 | 2.574. Entering trades at 4.876 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Galxe
▣ Rank: 183
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: Galxe project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.876 ₮
▣ 24HVol: 13,356,484.392 ₮
▣ 24H Chng: 12.195%
▣ 7-Days Chng: 9.11%
▣ 1-Month Chng: 0.28%
▣ 3-Months Chng: 151.16%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.989 | 5.538 | 6.526
◢ Support: 4.001 | 3.562 | 2.574
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.83
▣ Last 90D: 3.17
▣ Last 1-Y: 1.23
▣ Last 3-Y: -0.35
◲◰ Volatility :
▣ Last 30D: 1.26
▣ Last 90D: 1.32
▣ Last 1-Y: 0.97
▣ Last 3-Y: 1.15
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.74 - Bullish
▣ In-depth GALUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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GAL/USDT bullish horizon from support? 👀🚀GAL Today analysis💎Paradisers, let us delve into the captivating dance of #GALUSDT. At this very moment, it retraces gracefully, drawing ever closer to a critical support level at $3.964. This level, my friends, is no ordinary mark—it carries immense significance. Its metamorphosis from a mere retest to a stalwart support could well herald a bullish surge of epic proportions.
💎 Alas, the price of #GAL has faltered, unable to breach its previous high. Yet fear not, for hope glimmers on the horizon. Behold, as the price approaches the key support at $3.964, we stand at the precipice of a delightful bullish reversal. Picture it: the price ascending, rising like a phoenix from the very ashes of doubt.
💎 But ah, the markets—they are capricious, whimsical creatures. Should AMEX:GAL descend below this pivotal zone, our strategy must shift. Brace yourselves! We anticipate a bullish resurgence, a rebound from the secondary support level at $3.416. Fail to reclaim ground here, and we may witness further declines. So, my fellow traders, stay vigilant, stay nimble, and navigate these market tides with the grace and precision of seasoned sailors.
GAL LOOKS VERY BULLISH (1D)It looks like a double correction has ended (zigzag + triangle)
In the second part of the correction, after wave X, we have a bullish triangle, which now looks like its wave E (which is a contraction triangle) is ending.
Demand range is the right place to enter buy/long position.
We have specified the targets on the image.
Closing a daily candle below the green box will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GALUSDT(Galxe) Daily tf Range Updated till 17-03-24GALUSDT(Galxe) Daily timeframe range. PA here still lots to offer specially above 7.203 is open free space. but for that it needs to cross 5.684 first. recent retrace point is at 4.031.
Alikze → GAL | Failing supply areaIn the time frame D1, it is moving in a medium-term ascending channel. Due to reaching the supply zone that is breaking, it can continue to climb after the pullback to the next supply zone. In the lower time frame with 2.64 support and in the daily time frame with 2.34 support, it will be able to reach the specified targets. In the future, if the behavior and structure of the post changes, it will be updated.
🟩Sup: 2.34 - 2.64
⛳️Tp 1:3.51
⛳️ Tp2 : 4.55
⛳️ Tp3 : 11.95
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Alikze »» MANA | Upward motivational waveIn time 2W, due to the complex corrective structure, it has completed in a corner pattern, which after exiting the density is now in its upward motivational wave. According to the previous analysis, which touched the target, it will have the ability to reach the next supply range after breaking the current range. But in higher time, he will have the ability to reach the next zone, according to the type of movement behavior, it is expected that he will touch the next supply zone in the first step.
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GAL/USDT Potential Back test first and continue upward movement!💎 GAL has recently exhibited noteworthy market dynamics, showing a bearish rejection and a potential downward movement towards the demand area in the range of $2.7 to $2.5.
💎 Despite this, GAL has also broken out of a rounding bottom pattern, indicating a potential bullish reversal.
💎 If GAL successfully retests the demand area and bounces from it, it could signal a continuation of the upward movement, possibly reaching our target area.
💎 However, if GAL fails to bounce or breaks down below the demand area, it may continue downward towards the next support level, located at the Bullish OB around $2.2.
💎 GAL must bounce from the Bullish OB area and reclaim the area above the supply if it intends to sustain its upward movement. Failure to do so could confirm a switch back to a bearish trend, leading to further downward movement in price.
Alikze »» ARK | Multiple zigzag completionIn the daily time, according to the correction of the multiple zigzag, now with the breakdown of the descending channel and the higher floor and the confirmation of the higher floor, any pullback to the ceiling of the broken channel will have the ability to grow up to the specified areas. In case of inability and loss of the 0.78 area, it can touch the liquidity area again.
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GAL/USDT Perfect bounce from the key level area. Back to upward?💎 GAL has witnessed significant developments in the market. Currently, GAL has made a noteworthy bounce from the demand area, which previously acted as a supply zone.
💎 If the daily candle closes with a strong green candle like the one we've seen, there is a probability that the price will resume its upward movement and attempt to break through our target strong resistance area.
💎 However, if GAL fails to show a positive response and the demand area is breached, it could signal a bearish trend. In such a scenario, the price would likely continue to move downward with the next target being the demand area.
💎 The demand area is a critical zone that requires a bounce and a reclaiming of price above it to reverse the trend and resume an upward trajectory. Failure to do so could result in the price continuing its downward movement and potentially going even lower.
Gal chartGal chart - this is done using an experimental chart. the price just went above support but that does not mean it did the breakout. Targets for potential bull move on the lines. If price bellow support it cancels the bull move
higher time-frame bullish on GALhigher time-frame bullish on GAL
a number of projects have been using Galxe(s) campaigns for socials
technicals: adam & eve bottom on the weekly
this will take awhile but 2.70 revisit seems likely (in the long term)
GAL USDT LONG SWING| GALUSDT | LONG @ 1.5 - 1.6 | TP @ 1.7, 1.75, 1.8, 1.85, 1.9 | SL @ 1.3 | PATTERN = DESCENDING TRIANGLE BREAKOUT | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:GALUSDT BINANCE:GALUSDT.P COINBASE:GALUSD OKX:GALUSDT GEMINI:GALUSD BYBIT:GALUSDT KUCOIN:GALUSDT
#GALIt is suffering in one-hour and 4-hour timeframes in a specified area, which is suspected to be a flag pattern, which can continue its upward path if it breaks from above to the specified areas.
#GALIt is moving in a short-term ascending channel in the time of 15 minutes, which has formed a triangle with a negative reaction in the range of the channel ceiling and shorter ceilings, which can be entered by stabilizing below the area of the blue band due to successive divergences. The continuation phase should be corrected.
GAL/USDT Break Alert, Bullish Momentum ?? Galxe Analysis TodayYello Paradisers, Potential Exploding!
💎 GAL has successfully broken out of its descending channel pattern, backed by substantial trading volume. After hitting a supply zone and facing rejection, GAL is now in a retesting phase along its support trendline.
💎 Notably, this area also aligns with the Golden Ratio of the Fibonacci sequence at 0.618, making it a robust support zone ripe for accumulation. The current candle pattern suggests a bullish hammer rejection, but we'll need a daily close to confirm its validity.
💎 If the daily candle maintains this hammer shape, it's likely that the following candle will be green, signaling a continuation of upward momentum.
💎 The bullish narrative would be negated if GAL's daily candle closes below the Bullish Order Block (OB) area.
