GET READY! GALA could be ready to MOON! (Part 1) 🚀🚀🚀Hi everyone, This is The Unbounded. One of the newest and most active trading view authors and fastest-growing communities. Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
GALA is gearing up for another bullish rally. GALA is under a symmetrical pattern and we can expect a higher rally soon.
While symmetrical triangles can be aimless as there equal amounts of buyers & sellers, Bitcoin and Ethereum are regaining strength and both Gala Games and Sandbox have been displaying signs of strength (while many other crypto game tokens have shown significant weakness).
The RSI for GALA has been trending up for the last 31 days and is only in the middle of its range; it has not reached anywhere near overbought. This further validates that there is more upside pressure in the price than downside.
My goal is not to highlight a specific trade at this time, but to get GALA and SAND on your radar to start tracking them as they could have massive rallies in the very near future.
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GALAUSD
Here is analysis for #GALAGALA Gaming in Daily Timeframe is still below descending trendline.
Bull need to cross EMA100 ($0.26) to take control and break the trendline,
If bull take control and break trendline and close above Resistance Level ($0.26 - $0.28) we will see another bull ran.
Send IT to $1.00
gala/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
My bottom call was hella off. Shit went way lower than my predictions. The chart is still on the 4h timeframe, it looks like we've bottomed out and its in the accumulation phase. I can see a giant cup and handle forming so it's a good time to accumulate now while its at the bottom of the cup. Not Financial advice.
GALA - THE GOLDEN BOX🎁Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is Gala’s accumulation phase. This consolidation started 4th March, 2022. Price has been ranging within $0.21 & $0.24.
Inside this golden box, we have smaller boxes too. One special feature of Gala is that after it consolidates, it breaks out and pump hard.
Here is how the first gala consolidation turned out
Therefore, after a successful breakout from this golden box, I expect a great pump to gala all time high at $0.84 and above it.
What do you think?
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GALA/USDTAbout to Break out up ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GALA at the apex of the bigger Symmetrical triangle Here's a quick look at GALA 12 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to either sides soon. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle (Approx. 0.232$) with good amount of volume .
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The idea is: Buy when the price breaks above the symmetrical triangle (Approx. 0.232$) and take profits at the levels shown in the chart.
Targets:
1. 0.29$
2. 0.35$
3. 0.4$
4. 0.475$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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TS ❕ GALAUSD: returned to the levelThe price returned last to the level of breaking through the base of the triangle 0.24300, after this correction, a fall is expected.
SELL scenario: after a rebound from the level of 0.24300, you can open shorts up to 0.18000.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ GALAUSD: breakoutThere was a breakout of the triangle in the area of 0.24500, after a rebound from the support, a rollback to the breakout area is possible.
BUY scenario: short from the level of 0.21200 to the area of 0.24500 is possible.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GALA to make full recoveryI expect GALA to either continue correcting towards 0.15-0.16 and create an upwards momentum or if BTC doesn't go down more from it's current level then a quick recovery is in the works. I believe this coin is very undervalued at the moment. DCA down for spot hodling or watch for confirmed break out when trading.
Remember this is my on personal view and analysis. Rely on your own research before taking any trades.
GALA - can follow this buying timingBYBIT:GALAUSDT
1H trend chart
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GALA is consolidating and accumulating right now.
And there is a downtrend keeps resisting the price.
So if GALA can break out the downtrend line, we can open long and trading strategy as below.
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Profit Targets:
a) 0.27457----Fib(1)
b) 0.29703~0.30611----Fib(1.272~1.382)
c) 0.32559----Fib(1.618)
Stop losses:
a) Depend on the pattern
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TS ❕ GALAUSD: inside the triangleThe price is correcting inside the triangle, now we can expect the last impulse towards resistance in the area of 29.000.
Buy scenario: small move to resistance line from 25.300 to 29.000.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Will Gala break 0.35?20th - 21st of Feb saw the "death cross" with the 50 EMA and 100 EMA crossing under the 200 EMA line.
A falling wedge pattern at the base of the decending channel also suggests that a reversal may occur in the next week.
If we can close a daily candle above 0.350 then 0.468 and 0.54 are my next targets.
RSI at 53