GALA close to support 🚀Based on the chart, the price is close to support area and trend line ✔️
we can see more gain from the support zone 🚀
if
the price breaks the trend line to the upside, we can see more gain 🚀🚀
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
GALAUSDT
GALA/USDT 2 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
LONG #GALA/USDT
ENTRY: CMP AND MORE ABOVE $0.2125
TARGET: $0.0224 - $0.234 - $0.242 - $0.25 - $0.262 -$0.274
SL: $0.21
LEVERAGE: 5X to 10X
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
GALAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has hit the resistance line several times and was rejected. If the price is rejected again, it will fall down to the support zone. If the resistance line is broken, the price can go up to its next resistance zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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: Elbows up. In my previous idea about GALA I presented a bullish scenario. My ideas are still the same. It was nice to see the wick bounce off the daily level. When trading alts its always a good idea to take a look at Bitcoin's PA. I'm still cautious and being conservative with SLs in this range.
We've got our elbows up on the 4hr MACD and I'm looking to see if I can get to any of my TP areas.
Enjoy your weekend,
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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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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
TS ❕ BTCUSD: shorts remainShorts are saved for this coin. The target is the same at the level of 42613.30.
SELL scenario: Most likely all shorts are relevant from current prices. However, you can wait for the price to approach 45484.25 and start selling.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ FTMUSDT: short to 1.7770This coin is currently trending to fall. But a small short is expected.
SELL scenario: The inability to close above the level of 1.9045 will be a short signal.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GALAUSDTidea 4 (IMPULSE)
Rules:
An impulse consists of 5 internal waves.
Wave 1 and 5 always have to be impulses or diagonals
Wave 3 always has to be an impulse by itself (i.e. can’t be a diagonal)
Wave 3 must never be the shortest (in terms of percentage gain/loss) within the sequence
Wave 2 is always a corrective pattern and must not retrace more than 100% of wave 1
Wave 2 can be any corrective pattern except a triangle (but it can be a complex combination (wxy or wxyz) that ends with a triangle)
Wave 4 must not enter the price territory of wave 1
Wave 4 must always be a corrective pattern (any)
Guidelines:
Waves 2 and 4 tend to create alternation between each other (as outlined in the introduction of this guide)
Wave 2 usually retraces to deeper levels of wave 1 than wave 4 does relative to wave 3
Wave 2 develops more commonly as a simple corrective pattern (i.e. zigzag or double/triple zigzag)
Wave 4 develops more commonly as a complex corrective pattern (i.e. triangle, double/triple threes, flat)
In almost all impulses, one of the action waves (1,3, or 5) becomes extended, and it is most commonly wave 3
Extended waves can contain several further extensions within them
Wave 5 can fail to go beyond wave 3 (truncation) but it is not very common. It usually happens when wave 3 has been exceptionally long and overstretched. Truncation often results in significant reversals.
Wave 5 is most likely not going to form a diagonal if wave 3 is not extended
An impulse is not over until all sub degrees are finished (e.g. 5 of 5 of 5). The wave count takes precedence over channel lines and Fibonacci targets
Wave 3 almost always exhibits the greatest volume. If volume during the 5th wave is as high as the 3rd, expect an extended 5th wave.
Elliott Wave Fibonacci Retracement and Extension Guidelines:
If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)
If wave 2 retraces more than 78.6% of wave 1, the idea that it really is a wave 2 becomes more doubtful (possible A-B?)
If wave 3 is extended, then wave 1 and 5 are often nearly equal in magnitude and duration. If equality is lacking, a 61.8% relationship is next most likely.
If wave 3 is extended, then wave 4 often ends at the level of sub-wave 4 of 3 and is quite shallow (retraces 23.6% – 38.2% of wave 3)
If wave 3 is extended and very vertical, it will likely overshoot the trend channel that can be drawn when placing the anchor points at the extremities of wave 1, 2 and 4. However the channel is still very valid for gauging the end of wave 5 (see image)
If wave 4 retraces more than 50% of wave 3, it is quite often not a wave 4.
Wave 5 is likely to become extended if wave 1 and 3 are equal in size.
If wave 5 is extended, then it often finishes at the 161.8% extension relative to the magnitude of wave 1 through to 3 (see image)
If wave 5 is extended, then the ensuing correction is often sharp and swift and ends near the extreme of sub-wave 2 of the extension. This does not apply when the market is ending a 5th wave simultaneously at more than one degree.