GALAUSDT
GALA the beginning of a new uptrendGALA has been in a downtrend for more than two months. It is only now showing signs of a new uptrend.
It is also worth highlighting that a technical pattern - a symmetrical triangle - has formed on the chart. And the price has broken through the upper boundary of the pattern, which is a positive signal for the continuation of the uptrend. According to the rules of the pattern, target = height of the triangle.
We don't know if the price can reach this target, it is important to analyze the bitcoin's performance, as all altcoins are correlated to bitcoin .
GALA/USDTOn a 4-hour timeframe, GALA bounced of the flip zone around $0.41 - $0.43. Right now, the price reached the resistance line and looks like facing intense sell pressure to break it, and the price may reject back to the flip area. GALA GAMES was truly bullish since Binance's listing and a strong coin for hold. You can add some around $0.44 for a swing move.
#GALA retested crucial support Hi Soroosh School guys
I came back with #GALA chart
#GALAUSDT broke out the triangle and dynamic support in the area of 0.51 and pump more than 9% and touched the resistance in 0.55 bucks.
If #GALA lose its support at 0.51 next supporting level is between 0.46 - 0.49 and If Gala broke out the resistance in 0.55 , Next targets can be 0.58 , 0.60 , 0.63 and 0.66
GALA, the end of a correction and the beginning of a new uptrendGALA has been in a downtrend for more than two months. It is only now showing signs of a new uptrend.
What positive signals can be seen on the chart?
- A correction of more than 50% from the high
- A long consolidation
- Breakdown of the trend line
- Local formation of higher highs and lows
It is also worth highlighting that a technical pattern - a symmetrical triangle - has formed on the chart. And the price has broken through the upper boundary of the pattern, which is a positive signal for the continuation of the uptrend. According to the rules of the pattern, target = height of the triangle.
We don't know if the price can reach this target, it is important to analyze the bitcoin's performance, as all altcoins are correlated to bitcoin.
It is important to note, we did not buy or hold this coin in our portfolio. This is just a technical chart analysis at the request of our subscribers. Personally, we buy altcoins for no more than 20% of our total capital and hold our coins in the medium term. As practice shows, this is the best way to trade. We trade bitcoin using our trading indicators for all of our principal capital. You can see more details in past ideas.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
GALA and MANA - Buy both with these TP/SL on Christmas!🎄🎁🚀GALA met 1H Vegas tunnel strategy.
MANA met 4H Vegas tunnel strategy. (at blue arrow)
Time to buy them with TP/SL as charts.
Also, 🎄Merry Christmas and hope you have a great profit here!🚀
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
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!
GALAUSDT - 4Hsee and watch :)
It seems that the trendline will be broken and the price will go towards the specified target ...
BITCOIN Daily TA : 12.23.21As we can see, yesterday the price started to correct in response to the 20-day Exponential Moving Average (EMA20) and rebounded (Pullback) to the broken downtrend . If today the price can maintain the level of $ 48,000 Support and break its EMA20 in the coming days , We can expect the price growth until the first important target (Resistance) , 53K .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 23.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️