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Galagames

Will gala break up from its current bear flag?We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether or not the descending channel wins the dominance battle and it breaks upward or the bearish flag maintains dominance and the pattern breaks downward. If this flag were to break upward instead of downward, the question then becomes will it break upward and then head the entire measured move of the flag but in the bullish direction? Or will it simply just head to the smaller target of the descending channel itself. It’s hard to say but just in case I have put both potential bullish targets on the chart. One other thing it could do is reach the bullish breakout target of the channel and then pull a 180 and still break down below the flag and head to the bearish breakdown measured move target of the flag even after reaching the channels bullish breakout target. Seeing as how the rest of the crypto market recently has begun to see bearish momentum dwindling, I think the bullish outcome has slightly more probability at the moment. Also the measured move for the bear flag breakdown would be negative 20 cents….typical negative targets are a clue that the bullish direction is more likely….always possible for a breakdown to happen at the end of bearish momentum that doesnt hit 100% of its target though. If we take a look at the current volume candle, it is the highest weekly volume candle on this charts history and it happened during a bullish impulse…which is yet more bullish confluence here to suggest a break up from this bear flag is very feasible. *not financial advice*
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by DrDovetail
4
GalaHi, Recently we saw BTC finally have it's pullback, which did cause Gala to drop quite a bit but we managed to bounce off at 0.382 0.0040 a big drop, bigger than expected with that said i believe the price may drop to 0.036 that is if BTC continues to fall on the image below, on the smaller time frame of 45 min. You can see the price has stuck in same position for a while now, which suggest if we do not move any time Sonner in the next 4 hrs i see more downtrend On the smaller time frames, 5min there is always chance for scalping Any feedback is much apricated thanks
by Wizzardo
🔥GALA AND THE ROCK: DO YOU GET FOMO ON +120% PUMP? 🔥Hi friends! GALA pumps on the news about the partnership with Dwayne Johnson (The Rock) and Mark Wahlberg. Now the price reaches the first major resistance at $0.5-0.62. This is a huge value area and I expect the reverse from this area but after some signs of bear trend. Now the most important indicator is the anomaly growth of the volume (the biggest for the last year). 📊 TRADING PLAN FOR GALA: 1. wait for the pullback and impulse above the local highs at $0.5 2. sl collection and false breakout of this key level 3. bearish BTC 🚩 Actually, the whales can also trap the retailers by breaking the local trendline up and will dump the price after that collection of the pending orders and sl. ✅ THE MAIN TARGETS FOR GALA: 🔥 $0.4 - the value area and even number 🔥 $0.3-0.31 - the key level 🔥 $0.24-0.27 - the value area and the biggest support Traders, what do you think will be a trigger for this DUMP? Share your trading plans in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
11
GALA/USD 4h Chart #Gala - is currently retrace after experiencing a strong run of 35%. This presents two key points of buying opportunity for investors to rebalance their portfolios . The first point of buy is ideal for those who believe the trend will continue and the run will persist. However, if the asset droops at the first point, the second point of buy presents a great opportunity as it is the extreme point where the asset is expected to have a reaction. Overall, this analysis is based on the perspective of an investor looking to make strategic buying decisions."
Long
by RomKriss
4