GALA to 0.027 - 0.28 Hello traders,
Honestly this was a trade that I should have published earlier but I was trapped on it
Seems like gala was forming micro inverse head and shoulder pattern on 15m-30m frame
Target of the pattern is at 0.027$
A strong resistance lies at 0.02828$
Notice that btc isn't stable this time, so please take care, market is not stable enough to reach the target but hopefully it well so you have to use stoploss
Stoploss can lie under the neckline or the previous swing low at .02385
Wish you a good day
GALAUSDT
🎮 GALA: Navigating the Reversal Play 🚀In the ever-evolving world of crypto, GALA has caught the attention of traders with its intriguing price action. Despite a decline since 2021, the coin has shown resilience, leaving substantial liquidity overhead. The recent price move, executing a drop beneath the global pivot level and forming a double bottom, signals a robust reversal pattern. Buckle up as GALA gears up for a potential upswing.
Chart Analysis: GALA's Double Bottom Drama
GALA's chart reveals a compelling narrative — a sustained drop since 2021 followed by a decisive move below the global pivot level. However, what captured the attention of seasoned traders is the formation of a double bottom pattern beneath this critical level. This reversal pattern is often a precursor to a bullish turnaround, indicating a shift in market sentiment.
Technical Indicators: Reversal Signals in GALA
Key technical indicators, including the strong bounce off the double bottom and the historical liquidity left above, are aligning to create a potential reversal scenario. The double bottom acts as a psychological support level, and combined with the retained liquidity, it sets the stage for a bullish resurgence.
Trading Strategy: Riding the GALA Reversal Wave
For traders eyeing GALA, the double bottom presents an opportunity for strategic entries. Monitoring the reaction around the historical liquidity zone and gauging the strength of the reversal will be crucial. A well-planned trading strategy considering these factors could position traders favorably for the potential bullish wave.
Conclusion: GALA's Play for Redemption
As GALA maneuvers through its recent price action, the formation of a double bottom speaks volumes about the coin's resilience. The retained liquidity above the global pivot level adds another layer of intrigue, hinting at a potential redemption play for GALA. Traders and enthusiasts alike are now watching closely as GALA readies itself for a potential reversal.
🚀 GALA Analysis | 📉 Reversal Patterns | 💡 Trading Insights
❗See related ideas below❗
Are you gearing up for the GALA reversal play? Share your insights 💚🌐💚
Gala Games possible 130% move?KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.
XRP trade just hit our first target after breakout, 22% move.
And DYDX to stop loss, if you are intested about a losing trade and how to take a loss
$GALA breakoutLog scale - overlapping Fib retrace from ATH/ATL and 2023 wave @ 0.06 to ATL - confluence resistance levels appear at;
R1: $0.034 (0.618 + 0.236 retrace levels + alternated support at $0.033 from March 23)
R2: $0.062 (1 + 0.38 retrace levels + price resistance at 0.062 from Jan 2023)
R3: $0.166 (1.618 + 0.618 retrace levels + alternated support from Jan 2022)
Massive Triangle formation that has broken since November.
GALA LONG SIGNSL H1Hello dear traders
In the Gala currency, we can enter a long position in the 1-hour time frame on the specified area
Loss limit, profit limit and entry point are specified for you in the form of a position
It should be noted that in the above time frames, this currency is suspicious of the downward WYKOF theory and we must be careful about this movement.
Thank you for following me.
GALA target 0.274h time frame
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GALA finished the 1st pumping wave(0.0125 ~ 0.022), and start retesting the demand zone. The demand zone is also on the same level of 0.382 Fibonacci Retracement. Further, MANA which is the GameFi field as GALA is going up to structural supply zone, so we can set up a trading plan that target is benchmarking to MANA.
TP: 0.025~0.028
SL: 0.0168
GALA| short position with gain!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Deal plan:
Entry - 0.0180/0.01865$
Stop - $0.01963
Take - $0.0160
GALA's DCA Zone (Gems Edition)Gala is a decentralized gaming ecosystem that runs on the blockchain. The Gala token, the native virtual currency of the Gala network, is used to power all transactions within the ecosystem. Gala has a wide range of games designed to appeal to all types of gamers. The games on the Gala platform are provably fair and transparent, and all transaction data is stored on the blockchain. The gala token is also used to power the Gala marketplace, which allows gamers to buy and sell in-game items. Being an ERC-20 token, Gala can be stored in any ERC-20 compatible wallet. The Gala network allows users to buy, sell, or trade assets using the Gala token. Gala offers its users unique digital assets — NFTs.
Do you also think GALA is a gem?!
GALA USDT 1 Day TF Bullish MomentumBINANCE:GALAUSDT
GALA USDT 1 Day TF Analysis. Bullish Momentum Shows
Examining the GALA USDT price action, we notice promising indications of bullish momentum. After a 10-day consolidation period,
Currently break the H.L that is also good sign for price move upward direction in coming days.
(RSI) is also showing a bullish divergence on the charts, further supporting the bullish case. Traders may consider long positions with a tight stop loss (SL) strategy.
Disclaimer: It's essential to emphasize that this information is not intended as financial advice. Conduct thorough research and due diligence before making any trading decisions. Financial markets carry inherent risks due to their volatility, and the provided information is for informational purposes only.
GALA/USDT Break Descending channel, Bullish Momentum for Gala ??💎 GALA has certainly grabbed our attention. Alert on the horizon! GALA has successfully broken through the descending channel pattern, marked by a robust bullish candle, signaling a positive momentum for GALA.
💎 Additionally, GALA has managed to surpass a historically strong resistance level that had previously thwarted its advances multiple times. Now, having broken through both the descending channel and this resistance, GALA is in a retesting phase, gearing up for a potential climb towards the proximate supply zone at $0.01445.
💎 Should GALA manage to breach the $0.01445 supply zone, it could smoothly sail towards the more formidable supply area. However, if it faces rejection at this supply zone, it might descend to retest the previously broken resistance, which could now act as a support, gathering momentum for another upward push.
💎 On the flip side, if GALA exhibits a false breakout, meaning it fails to maintain its position and closes below the recently breached resistance, it could be indicative of a downward trajectory towards a critical support level.
GALA /USDT bulish ride? 👀 🚀 GALA Today Analysis💎Paradisers,GALAUSDT! After a recent rebuff from the supply zone, it's reigniting its bullish spark, setting the stage for a captivating shift.
💎In the past, GALA navigated within a descending channel for an extended period. However, it broke free, embarking on a bullish trajectory, only to face resistance at the 0.01653 supply mark. Now, with renewed bullish energy, we're hopeful it'll challenge that supply level once more.
💎 Additionally, there's a formation of a bullish flag pattern. A break above this pattern could propel GALA to significant heights. On the flip side, if it dips below the 0.01490 demand level, be prepared for a notable downward shift.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
GALA BREAKOUT DONE 💥💥#GALA Analysis : Breakout 💸💸
🔮#GALA was testing a crucial key level and following a falling wedge pattern. Now we can see a perfect breakout here in #GALA. It indicates the start of an upward trend. 💲💲
👀Current Price: $0.001588
🚀 Target Price: $0.003000
⚡️What to do ?
👀 Keep an eye on #GALA price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#GALA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
GALA looks good for a bounceGALA broke out on stochastic on a daily timeframe. If we can close above the red trendline on Price action marked in the chart along with the trendline on stochastic it looks a great long to me for 1 to 3 RR.
The RR is very juicy, but I would wait for a daily closure today.
GALA is gaining upside momentumHello, everyone!
Couple of weeks ago we made analysis on GALA where considered that it's closed to it's bottom. Since then this asset is staying at the same level and most of traders disbelieved in the any potential bounce.
If you remember 2D is our working time frame to establish the Elliott waves cycle. Usually we have 3 confirmations of the reversal: bullish reversal bar, then AO momentum reversal and finally fractal breakout.
This bullish reversal bar is not an obligatory condition, it could be or not. AO reversal is obligatory one. Here we have 3 green bar on AO histogram. The key level for reversal confirmation was the yellow line. Price has successfully passed this line.
Moreover MFI has printed the squat bar at the very bottom and green bar is about to be printed today which is another one bullish factor here. If we are right minimal target is $0.02 where the Fibonacci 0.61 zone is located.
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GALA 📌 macro analysis ⏰
BINANCE:GALAUSD :: long term 📌 analysis ⏰
#dyor #NFA gaming coin 🎮
Detailed information ( #explaination )
🐿
SUPPORT 📌 $0.0134-0.01506
< #BUY > 📌 $0.00903-0.0104
RESISTANCE 📌 $0.112-0.163 < #sell >
( very high resistance make it as #principaltrade )
After breaking resistance 📌 weekend candle close above
Possible target 📌 $0.5-0.53 & $1.98-2.1
#explanation
Gaming coins 😊 Strom community and project
Recently effect in news 🗞️ if this take hard 📌 turn risky to holders like #ftx
I am expecting $0.1-0.15 will be bull top 🔝 but based on comfirm we can move
I will update you 👍 or remind me 😊
I am not expecting it will reach support 2 📍 but news 🗞️ getting hard 📌 it will hit easily
Until FEBRUARY 2024 coin have bearish 📍 phase 📍
March 2025 will be decided phase 📍 on this coin 🪙
Risk is high 👍
Recommend position size 1%
Old user's try to average 60% at support 1
40% at support 2 📍 based on ur old liquid 💰
Or ask here 👍
GALA - just one more dump!Hello, dear friends!
Last time I have too many analysis updates on INDEX:GALA . Some of you could think that I am their ambassador, but it's not true. This asset just in the nice price range to accumulate some coins. You have already seen my global analysis that bottom is almost here.
Today I will show you the local price action analysis. the fact that price set the new lower low means that we are in new bearish impulsive wave. I think this is wave 5. This wave should also consists of 5 waves. It looks like wave 4 has been finished and wave 5 in wave 5 is in progress.
I expect the dump slightly below current low. If Awesome oscillator will show divergence it's gonna be the nice reversal sign.
Best regards, Skyrex team
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GALA - where is the dump limit?Hello, dear friends!
Time to make an update for the annoying BINANCE:GALAUSDT which have already took 2 my stop-losses during this dump. Elliott waves analysis is showing us that the bottom is too close and the potential reward is gonna be 10X more than risks, that's why it's ok to get couple of SLs.
Looking at the current price action it looks like dump don't want to be stopped. On the 2D time frame we can see the forming of the green bar, which means that asset can go a little bit lower.
Elliott waves analysis is showing us the potential ending diagonal forming and wave 5 has two potential targets: 1 and 0.61 levels from wave's 1 length. The first target is unreachable because of negative price zone, that's why our target is $0.009. Anyway MFI is decreasing right now, it means that downtrend is weakening everyday.
Best regards, Skyrex team
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