Gala
Gala going?Did some grindage on the trendline from previous charts and broke out above finally. Not on the moon yet, still plenty of resistance above! PA needs to start breaking these resistances and flip them back into support. The quicker the more bullish, the longer it takes the more i would lean toward this still being in a larger corrective structure. If these resistance can not be flipped, it may tumble lower.
GALA/USDT
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1
or
2
Note:
The trend is determined if two consecutive candles are closed inside the movement triangle 1 or 2
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GALA broke a descending resistance on daily (Could rally ~70%)
Just a really quick look at an alt that performed well this year, it's showing signs of another move to the upside (if Bitcoin holds where it's at). Gala recently broke a descending res. that has been holding it down & is sitting under the daily pivot point.
Watch for a successful breakout of the pivot point for confirmation of an imminent rally and possible ~70% move as it moves to find new resistance above.
Keep an Eye on Bitcoin however as Bitcoin could ruin the party.
BINANCE:GALAUSDT COINBASE:GALAUSD CRYPTOCAP:GALA
Breaking out of the Triangle!In my last post, I anticipated a breakout from the symmetrical triangle pattern GALA has been following since the recent plunge. While nothing is guaranteed, if we can push past the strong resistance at $0.53, I think we'll be solidly moving towards a bullish reversal. (As always, BTC performance is a determining factor.)
Gala - Wave AnalysisThe metaverse has seen a lot of movement and volume in recent months. Gala has become a hot topic among the gaming world and large exchanges have added to their markets. I expect to see short opportunities open up as it appears we are in Wave 4 before heading into Wave 5 of Elliott Wave. Let me know what you think with a comment or like.
Disclaimer: *This is not financial advice. These are just ideas and opportunities that I look for in markets.*
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Symmetrical Triangle Pattern / Possible Upcoming BreakoutGala is reaching a pivotal tipping point. It has been following a triangle pattern since the recent market dip. Here is my optimistic prediction, although at this point a breakout in the negative direction is always a possibility. (Highly dependent on performance of BTC)
gala, which path to folla?Trend line holding it down! Need to break out of this channel from my last chart! It looks like the omld happened, a bit deeper then expected, but theres a possibility that sharp correction is over. Doesnt mean moon at the moment. The move down could be a subwave of a larger structure. That is the bullish interpretation. The circle could also potentially be an impulse down, which would mean a lower low. Breaking .586 would invalidate that possibility.
GALA slowly crawling up after bounce off support areaCOINBASE:GALAUSD
GALAUSD is slowly moving up after a bounce of the support area (based on ICT bullish order block) and Fibonacci retracement.
There was a company event on Dec. 6th, a vox drop with NFTs being sold in Gala Token that seems to have helped the price recovery.
Total Crypto Market Cap along with BTC are looking like they are back in the bullish mood, also hopefully we will have good news that the Omicron variant is not as severe as the Delta. That could put risk-on assets back into positive momentum. The USD is still very strong but seems to be in a sideways consolidation from Nov 30ths FED speech.
GALAUSDT : Can the double bottom completed ? In GALAUSDT 4h
It could not break out the downtrend from the 0.84128.
There is a potential double bottom under the downtrend .
If the price break out and stand firm ,trading strategy as below.
SL: 0.42496
TP1: 0.58023
TP2: 0.63761
TP3: 0.66081
TP4: 0.71059
TP5: 0.79117
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Note:I know very well that this analysis is completely different from my analyzes of this currency, but I see the price is very committed to the geometric pattern and I think it will down until the price exits this pattern
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🔥 GALA Bull Flag: Strong Reversal LikelyWith the huge drop last Friday, GALA has made a strong support around the $0.41 area. With today's drop not even coming close, there's a decent chance that this was the bottom for GALA and the price will follow this bull-flag pattern in the near future.
Expect some volatility around the supports and resistances of this pattern.
Since this is a bull-flag, a bullish break out later this month is most likely. However, this is very dependent on BTC's performance.
Happy trading!
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Note: If the price leaves this geometric pattern down, this cancels the pattern completely
((But if the price continues to rise after the area of 65, committed to the geometric pattern, this means opening a new bullish cycle, and then I will update the geometric pattern))
What do you think about Gala Future ?
It would be a pleasure to share your opinion with me
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.😄