Galausdtidea
GALAUSDT: Long-Term Bullish Potential Despite Bitcoin DipGreetings, fellow traders,
This analysis presents a brief overview of GALAUSDT's current market position and potential for a long-term trade.
While the recent two-day uptrend of GALAUSDT has been influenced by Bitcoin's price fluctuations, the overall outlook remains positive for a long-term, long position. Despite the current dip, Gala demonstrates significant potential for growth. As indicated on the 4-hour chart, the price currently resides at the bottom of the ascending channel, which is a very good point to take a Long position, presenting a strong opportunity for an upward move.
I've identified three potential price targets for this long trade:
Target 1: $0.03610
Target 2: $0.03950
Target 3: $0.04100
BINANCE:GALAUSDT
These targets are based on the current chart.
Investors are encouraged to conduct their own due diligence and manage their risk accordingly.
Profitable trades to all!
GALAUSDT: Short Opportunity as Downtrend ConfirmedGreetings, Traders,
GALAUSDT has officially entered a downtrend, presenting a solid opportunity for short positions.
I recommend entering a short trade below the $0.03150 price zone.
Target 1: $0.03020
Target 2: $0.02910
A stop-loss order placed above $0.03250 could be considered to manage potential risk
Following the breakdown below the key support level, as seen in the daily chart, a short position is favored.
This is not financial advice. Please do your research before making any trading decisions.
Exercise proper risk management and set a stop-loss order according to your risk tolerance.
Profitable trades to all!
GALAUSDT 1D analysis.Hello, friends!
This is ESS team.
LOOK this chart that we expect some.
After a BIG rise, GALA is making a berish extended wave.
The BLUE 5D uptrend line is where GALA needs to be supported in order to rise.
If this trend line is supported, and rise up,
and then, If the upper end of the extended wave is also retested after the breaking upward,
the GALA will fly once again.
Unfortunately, If the blue uptrend line is retested after breaking through due to the strong sell-power, it could drop to the bottom of the extended wave.
Best zone for sell (GALA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈I not strong break resistance with big body candle , best zone for sell.
📊 (-sell) : 0.0328
🔴 Stop Loss : 0.03622
🎯 Take Profit : 0.0262 - 0.0182
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
GALAUSDT UpdateIn my previous post about BINANCE:GALAUSDT , I predicted a 30% pump. I have attached that post here.
However, you can see that the price has reacted to the resistance and has not yet been able to break through it. However, GALA is still bullish for me, and there are two scenarios that could happen in this situation. This currency is waiting for the next move of BINANCE:BTCUSDT and will start its next move with Bitcoin, which can be bullish or bearish. Or, the next upward move will begin from the points I marked on the chart. Please note that there have not been such upward movements in the crypto market for several years, and many people think this is the end of the bullish market. However, anything is possible in a volatile market.
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
IS IT GOOD TIME TO BUY GALA COIN ?? GALA COIN ANALYSIS !!INDEX:GALA Coin Update !!
• Price Trying Now to Bounce back From its Last Support.
• Major indicators look over sold.
• i think you all now about conflict b/w ceo & co-founder of #Gala coin.
• invest only what you can afford to lose.
• If you already open postion in long around 0.0155$ then just hold your trade and move sl at entry price.
• If its break its last support then next possible support are clearly draw on a chart.
FOLLOW US FOR MORE ANALYSIS !!
Galausdt Double Breakout Galausdt
Galausdt has been showing a symmetrical triangle pattern on the 4-hour time-frame, and the breakout of this pattern has been confirmed. This breakout can be seen as a bullish signal, indicating that the price may continue to rise in the short term.
Moreover, there is another symmetrical pattern forming on a higher time-frame, which may be indicative of a potential bullish move. If this pattern also breaks out, it could potentially trigger a 30-50% increase in the price of Galausdt.
However, as with any trading idea, there are no guarantees, and it's important to keep an eye on the price action and volume before making any trading decisions. It's also important to have a clear plan for risk management in case the market moves against the expected direction.
Re-Publish GALA Breaking outthis is the 2 day and published it a while back sort of an Adam and Eve pattern breakout , but look for at least a touch of top side of Gaussian Channel.
Watch the 5Day as this will lead into it,
Look at both 200 Averages over head, must likely pull back from there if hit, but looking really strong for the next few bar closes in the 2 day
GALAUSDT favoring long from next supportThe previous post talked about a long from this support but the price did not quite reach to our entry point and visited the weekly resistance without us being in the trade. However, the price got rejected from weekly resistance and has fallen back to the weekly support again. A long here marked on the chart as L1 is favorable.
GALAUSDT long to weekly and monthly resistanceLet us try this long if we get the entry for this long trade before the price hits the weekly and monthly resistance. We long the 4h support which is also inside the weekly support zone and target till weekly+monthly resistance zone just above. I think there is one more push to that resistance left before a sizable pullback.
GALAUSDT likely heading towards weekly support around 0.02525The price has broken previous weekly support (marked as PWS on the chart). After breaking that support it retested the support a couple of times but got rejected. Now price is trading under that broken support zone is likely to head towards the next daily and weekly support zone (marked as DS+WS1 on the chart).