$BTC Daily TA : Bull 🟢 or Bear 🔴 ? Well Guys , as we can see the price is trying to break THE important static resistance range and its 50-day moving average (MA50D) . If the price can close above the $ 42,800 to $ 43,300 range, we can see it as a optimistic view for the market . The next important confirmation to change the trend from bearish to bullish is the record a new High above $ 44,600.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.Feb.22
⚠️(DYOR)
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Gala
It needs to hold its supportOn a 4-hour TF, It is now back at the $0.41 - $0.43 area support. GALA needs to hold this support. Otherwise, we will see more downward movement. The first resistance is $0.47 and $0.51 area. The major resistance is $0.58 - $0.60 area. The next support is $0.36 - $0.37 area. You can buy some GALA near the support with stop loss.
GALAOn a 4-hour timeframe, the range of 38 cents to 40 cents is a very important resistance range for GALA. According to the trading volume conditions, the probability of returning from this area is higher. Be sure to move your stoploss to the high points. If the 40 cents area is broken, we will have the opportunity to enter again.
GALA long position As I mentioned in my previous analysis ✔️
the price has started to gain and breaks the channel resistance and the purple zone to the upside 💣🐳💣
and now
we expect more gain for the price at least to 0.50 🚀
if
the price breaks the resistance there to the upside, we can see more gain 🚀🚀
and
the yellow zone on the chart is based on the Fibonacci levels ✔️
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
GALAUSDT 3 Day TimeframeI am a big believer in Gala games, as they are coming out with Play-to-earn crypto games which will be fully launched when the meta verse is released. Price has made a very nice correction & after the consolidation below some bullish momentum has returned to test key resistance at 0.37 ... along with the descending trendline. I am waiting for price to break & close above resistance, to confirm that another strong move to the upside may occur for a new potential higher high as this is still a very early crypto & could see some massive gains in the near future.
GALA/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me. I also stream weekly on TradingView.
GALA had a predictable run after having a bullish divergence on the 1D chart and now its time to short the coin (in the short term because I believe that in the mid term the coin will do good). The RSI of the coin is overbought and in the 1H chart the coin has a bearish divergence that the shows my target of 0.26$. BTC seems that will have a small correction to 40K so the most probable scenario is a short. I still believe that in the mid/long term the coin will do great but this is my position for now.
My next stream will be on the following friday and I will talked abou BTC , do an altcoin review, explain what is the wyckoff method and answer all your questions about crypto. Be there if you are curious. (Hour will be posted on the update of the idea.
Gala 1D Is there any chance for growth or all is lost?The main message in the previous GALAUSDT idea was: you have to take your profit from the "table" in time, if you are lucky and the market has shared the profit with you.
As we can see from the chart, the value of 1 GALA decreased from the maximum by more than 4 times in just two months.
Those who paid attention to the hint in the previous idea could have saved their hard-earned money.
Who wants to shift the responsibility for their mistakes to someone else, including us - then it is his right) But the money in the account will not increase, and the right conclusions will not be made, while such mistakes will be repeated.
This is all lyrics, let's go to the analysis of the chart:
1. During the recent sinking of the crypto market, GalaUSDT price fell to a level that previously prevented it from going up twice. Some interest was shown by buyers and pushed the price up from it.
2. In the last 10 days there is a consolidation, the exit from which will be a decent impulse.
3) The fulfillment of the white - positive scenario may occur only if some super-positive news, which is not yet seen or heard on the horizon. The target of $0.34-0.35 is a strong mirror level, which will be difficult to break up at once.
4. The target $0.78-0.80 is also realistic , but it needs an alt season and belief in a miracle) It happens when most people lose faith and interest in the crypto market, and it starts to shoot up).
5. If passivity continue at crypto-market, or negative news will arise, we don't see any obstacles for GALAUSD price to fall to $0.12.
For some people it will be a painful deposit drawdown, for others it may be a good price for a long position.
It's always like that on the market: some people lose - others earn at their expense. And only crypto exchanges always earn from both sides of market participants.
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
the GALA breakout 🚀Based on the chart, the price is close to channel resistance ✔️
and
has started to gain from the support area ✔️🚀
if
the price breaks the channel resistance and our purple area here to the upside and stays far from the purple area, we expect gain for the price 🚀
we have
major resistance on 0.50 area and if the price breaks the round number of 0.50 and stays above this area we can see more gain 🚀🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
GALANot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
GALA, EXPOSED TO EXPLOSION !!!One of the currencies that has reached an excellent level following the recent correction of the market is the GALA. As shown in the chart above, the price divergence is evident and we saw a good reaction from the gold level of 61.8 Fibonacci.
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Please make the right decision by reviewing yourself and managing your capital.
GALA - Good entry timing and TP/SLBYBIT:GALAUSDT
1H trend chart
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GALA broke out the downtrend line on 1H, and retested it before.
It's kind of support transformation from resistance.
Also, there is a potential double bottom formation, so we can take entry here with trading strategy as below.
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Profit Targets:
a) 0.21050----Fib(1)
b) 0.21925~0.22279----Fib(1.272~1.382)
c) 0.23037----Fib(2)
Stop losses:
a) 0.17948----Red horizontal ray
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