GAL/USDT Poised for a Bullish Breakout? 👀 🚀GAL Today Analysis💎 Paradisers, focus on GALUSDT as it displays a compelling pattern. The asset is approaching a key resistance break, signaling a high probability of initiating a bullish movement.
💎#Gal has demonstrated a tendency to follow a descending channel, breaking above it to start an upward trajectory. Currently, it's exhibiting signs of breaking the key resistance at $1.574 with a strong green candle. If this breakout is maintained, there's a considerable chance for a bullish movement. With its ongoing upward momentum, GAL is set to target the resistance level at $2.739.
💎 Additionally, for #GAL traders, be ready for a potential bullish resurgence from the support level of $1.207. Yet, remain vigilant as a drop below this level could indicate challenges in maintaining the bullish trend.
💎 In this fluid and evolving market environment, strategic insight and skilled decision-making are crucial. Formulating a comprehensive trading strategy that includes sound money management and a deep understanding of support and resistance levels is vital for securing successful trading outcomes. 🌴💰
GALUSDT
GAL ANALYSIS The GAL symbol is inside a large diametric. Now we seem to be in branch F. The F branch itself has become a diametric, which seems to be inside the E wave of this diametric. Upon reaching the supply zone, we expect price rejection. It may react to the DEMAND range during the downtrend
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GAL ANALYSIS💥💥#GAL Analysis : Bearish Diversion 💲💲
🔮There is a bearish diversion between the price and money flow if the price breaks the trend line then it will go down to 1.190 and 1.100📉📉
🔰Current Price: $1.345
🎯 Target Price: $1.100
⚡️What to do ?
👀Keep an eye on #GAL 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.
#GAL #Cryptocurrency #Fall #TechnicalAnalysis #DYOR
GAL/USDT upward momentum?? 👀 🚀 Galxe Today Analysis💎 Paradisers, get ready for a golden opportunity with #GALUSDT! We've observed a successful breakout from a bullish falling wedge, and now a retest of the wedge trend is signaling a likely upward move👀
💎 Upon closer observation, we noticed that demand had previously shifted to supply, leading GAL to experience a significant drop. However, after capturing liquidity on the downside, the asset has regained its bullish momentum and is currently holding a key support level at $0.944.
💎 Looking ahead, there's a robust supply zone and price imbalance. We anticipate the price of #Galxe will likely reach and mitigate this supply zone soon. However, given market volatility, if the price breaks below the support level, consider planning a short entry targeting the invalidation zone.
Keep your charts updated and Stay one step ahead of the market 🌴
GAL/USDT Breakout the Descending Channel, Pump is coming ???Hello Paradisers, Potential Coin to Watch Closely!
💎 GAL has successfully broken out of its descending channel pattern and is currently in a retest phase, with the potential to continue its upward trajectory towards a supply area in the Bearish Order Block (OB).
💎Previously, GAL faced a strong rejection upon hitting the Bullish OB, followed by a liquidity grab and a rebound to reclaim its demand zone. After reclaiming this area, GAL consolidated for several days before successfully breaking out of the pattern. Typically, low-cap tokens like GAL tend to surge over the weekend if BTC remains in a consolidation phase.
💎The bullish outlook for GAL would be invalidated if it breaks below the Bullish OB and closes the day under that level.
GALUSDT SHORT IDEAhello eveyrone, in btc pair gal close to resistance area so we can try to short position in usdt pair. for short positions have some reasons;
1)Aggregated cumulative volume data shows negative mismatch
2)galusdt pair has big liquidity so wants to fill it in future.
in usdt pair
entry : 1.55
stop: 1.21
target: around 1.0
GalIn the higher time, we are in a downward trend, which in the lower time, the connection point of the upper time channel ceiling and the bottom of the support channel in the lower time meet. If it is supported, the first move towards the red lines and correction to the green lines. It is color
Finally gal looks Ready for Massive bullish impulse Seems like ready for Massive bullish impulse Formed Descending channel in h4 tf incase of breakout expecting 45 to 50% bullish wave
A Deep Dive into GAL's Market LandscapeLet's delve into the ins and outs of GAL's price performance. We'll start by checking out the one-hour chart, which offers some clear insights into the asset's present condition.
GAL's Fibonacci retracement levels are sitting at 1.226, 1.148, and 1.069. These levels are derived from key swings in price, and traders often watch them for potential resistance and support zones. The Bollinger Bands, which measure GAL's volatility, range from 1.033 to 1.216, with the middle band smack dab at 1.125. If GAL’s price continues to hover around the upper band, we might see some bullish momentum in the short-term.
On the sentiment side, the Relative Strength Index (RSI) is reading 72. This suggests that the asset is inching into overbought territory, which could mean a potential price correction on the horizon. The volume oscillator, currently at -9.33%, signifies a decrease in trading volume. That could impact GAL's price trend, making it less robust. The Stochastic oscillator stands at 82, echoing the overbought market condition reflected by the RSI.
The On-Balance Volume (OBV) indicator, which relates volume flow to price changes, shows -3 million. This might point towards selling pressure, while the MACD (Moving Average Convergence Divergence) reading at 0.035 signals potential bullish market sentiment. These contrasting indicators suggest a mixed market mood, urging traders to tread carefully.
Now, let's talk prices. GAL currently trades at 1.198, a commendable 11% surge in the last 24 hours. Its 50-period Exponential Moving Average (EMA) sits at 1.090, reflecting the current uptrend.
Zooming out a bit, from May 24th to June 5th, GAL consolidated between 1.3 and 1.39. After this period, it dropped to 1.148, bounced back to 1.226, dipped again to a low at 0.885 before rallying back up.
Pivot to the 4-hour chart, and the Fibonacci levels adjust to 1.362, 1.1, and 0.837. These new levels suggest a stronger resistance at 1.362 and robust support at 1.1.
To wrap it up, GAL's market situation is a bit of a mixed bag. While the current uptrend and MACD readings hint at possible bullishness, the RSI and Stochastic point towards overbought conditions, suggesting potential price pullbacks. Additionally, the reduced trading volume and negative OBV may inject some uncertainty into GAL’s price movements. As such, investors and traders should exercise caution and stay alert for signs of change. Remember, the best approach balances technical analysis with fundamentals and broader market conditions. Keep your eyes open, and happy trading!
Galusdt | Update Galusdt
Expecting a drop on retest level
Breakdown was already confirmed retest is in process incase of rejection again expecting 20-30% drop
Dyor
GAL - Binance launchpool coinGAL
Entry: 1.45 - 1.46
Stop: 1.305
T1: 2.85 (100%)
T2: 3.70 (180%)
T3: 4.59 (220%)
RISK level: MID
Higher target more risk
Split orders - take profit
Good luck
GAL LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GAL is still bullish however expect a correction soonGAL is currently experiencing a bullish trend, which is great news for investors. However, there are signs that a correction is looming on the horizon. The asset has become overheated and is due for a cooling off period. This correction could take the form of a short-term dip, but it's important to be aware that it's just another bearish cycle that will hopefully not last for long. Despite this temporary setback, the long-term outlook for GAL remains positive, and investors should not be discouraged by this correction. By exercising patience and caution, traders can take advantage of the upcoming correction and position themselves for future growth.
GAL LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GALUSDT breaking up the H&SGALUSDT is moving in a up trend and inside the channel . We have a head and shoulders that have been created for the last two weeks. Now the break happened but the vaulme is kinda low so we need more conformation, how ever you can enter the trade as it's for now with a second entry if we reached the skyblue line . The stop loss is the red line with a condition of 4hours close . The targets are shown as well.
Good luck .
Galusdt | Descending Broadening Wedge Galusdt
Formed Descending Braodening Wedge In 4H Time-frame, incase of vreakout Expecting 40-60% Bullish Move
Note : Always Wait For Confirmation & Do Your Own Research
gal building for breakout formed descending broadening wedge in h4 timeframe incase of breakout expecting 40 to 45% Bullish move
GALUSDT potential bottomToday price has reached and so far bounced off the Fibonacci support. While the downtrend is still intact, we might see a strong correction as long as support holds.
GAL/USDT Bearish Chart AnalysisHello,
Let's discuss the technical analysis of GAL/USDT. Currently, the trading price of GALUSDT is at $1.7, which shows a 71% increase from the recent bottom. In comparison to the recent bottom of December 2022, the price has gone up by 180%.
As per the chart in the higher time frame, if the White TrendLine support level is not breached, we might witness further downtrend in GALUSDT.
The current resistance level for the cryptocurrency is at $2. If the price fails to break through this level, I expect it to test the $1 mark within the next few weeks.
Therefore, it is recommended to keep a close watch on the support and resistance levels for GAL/USDT, which are at $1 and $0.5 for support, and $2 and $2.5 for resistance.
If you find this analysis helpful, please click the like button and appreciate my hard work. Do follow me for the latest real-time updates on cryptocurrencies.
Thank you.
GALUSDT LONG SIGNALHi guys,
I'll share my GAL perspective. I drew a trend line at the highest point of GAL.
Currently, it has broken the trend line and is rising after successful retest. It also supported and raise the Fibonacci expension of 0.236.
From this point of view, it is expected to continue to rise.
GAL Buy from supportHello Traders!
Welcome back to another trade with Analyst Aadil1000x.
Today we are looking for buy in GAL from the key reversal area. This trade will make at least +3.7% profit.
GAL Buy limit 2.0909
Stoploss 2.0422(-2.23%)
Target 1, 2.168(+3.7%)
Final Target 2.2445(+7.4%)
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