Galxe GAL price out of the downtrend, what is the growth goal ?From the description of the Galxe (GAL) project, we can conclude that the project was built by a team with experience for future development in the WEB3 direction.
The only obvious thing that the project creators miscalculated was the moment of listing, when the crypto market was in the active stage of a downward trend. Or maybe it was intended that way?)
In fact, from the moment of listing to the present day, the price of GALUSDT has been in a downward trend.
And today, buyers loudly "slammed the door" and said goodbye to the downward trend.
They broke up the trend line in a big way, with the price rising by 50% in a few hours
However, the price hit a strong liquidity zone of $2.20-2.40 , which, in our opinion, will not be able to break through the first time.
A correction to the $1.35-1.50 zone is possible , where it will be more confident to buy GAL for a medium- and long-term portfolio.
The first medium-term target that can be seen from above is $4.25
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
GALUSDT
GAL/USDT 1DInterval - Resistance and SupportHello everyone, I invite you to review the GAL / USDT chart on the 1 day interval.
First of all, we will use a white line to mark the downward trend, which the price has already tried to overcome several times upwards.
However, looking at the chart, we see that the local price fell below the local uptrend line.
Now let's move on to the support designation and as you can see, we first have support zones from $ 2.02 to $ 1.92, then we have support lines at $ 1.66.
Looking the other way around, we can identify several resistance lines for the price, the first resistance is at $ 2.18, the second is at $ 2.33, the third is at $ 2.46 and the fourth is at $ 2.57.
Please take a look at the CHOP index which indicates that we have a lot of energy in the 1 day interval, and the MACD indicator shows an upward trend.
Possible momentum of GALUSDTHas been made, formerly a breakdown of the line of trend that ruled to this criptomoneda. Now, is in the process of retest.
At this time seems to lose force on the part of the buyers. But, with patience, we'll see if this token you will get the momentum. Other data, to take into account is the OB that was part of the stop drop the price days ago.
Spanish
Se ha realizado, anteriormente un rompimiento de la linea de tendencia que gobernaba a esta criptomoneda. Ahora, está en proceso de retest.
En este momento parece perder fuerza por parte de los compradores. Pero, con paciencia, veremos si este token obtendrá el impulso. Otro dato, a tomar en cuenta es el OB que formó parte de la parada de bajada del precio días atrás.
✅GAL : DAY TRADE✅GAL: DAY TRADE
seems to show some trends in a low time frame.
interesting to follow and to see if there will be some confirmations.
GALUSDT Short Setup!GALUSDET Technical analysais update
GALUSDT Broke its major support zone, expecting more drops in the coming days.
Short level : $2.19 - $2.25
Stop loss : $2.38
TP 1 : $2.05
TP 2 : $1.85
TP 3 : $1.55
Always keep stop loss
GAL ready to pump?Project Galaxy #GAL
Token sale took place on: Coinlist
Current ROI: x1.7
Investment: $10 million
Project Galaxy GAL is one of the leading Web3 credential networks. Built on an open infrastructure, the network helps Web3 developers and projects use digital credentials and NFTs to build better products and communities.
At the seed round, Multicoin Capital, Divergence Ventures, IOSG Ventures invested in the project. In subsequent rounds, they were joined by Dragonfly Capital, Spartan Group, Coinbase Ventures, Alameda Research, Hashkey Capital. In general, the backers of the project are serious.
In honor of the rebranding, they made a promotion where you could get 42 NFTs with a chance to get a 100 GAL bonus one month ago.
From a technical point of view, we see a long accumulation, an obvious support zone in the area of $2.2 - 2.5, and a squeeze towards support, plus there is a weakening of purchases with each wave of growth. We see a strong narrowing of volatility and should expect strong momentum. We lean 60/40% that the momentum to move up ⬆️ is possible after the liquidity withdrawal is lower. The first goals are $3.4 and $4.2, this is provided that the crypto market shows growth, because if bitcoin shows weakness and a fall, then we will play it down to the level with possible goals of $1.5. Purchases can be considered only after fixing above the 50th moving average, and preferably above 100
GALUSD | Wave Projection | Target Triangle 4-Wave BreakoutPrice action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
Project Galaxy (GAL) formed bullish Gartley for upto 15.50% moveHi dear friends, hope you are well and welcome to the new update on Project Galaxy (GAL) token with US Dollar pair.
On a 4-hr time frame, GAL has formed a bullish Gartley move. There is also a bullish divergence as the priceline is forming a lower low but RSI is setting a higher low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
A beautiful rise in GALHello traders!
Welcome back to another episode with analyst Aadil1000x.
On Sept 4th we bought GAL because there was a strong bullish pattern showing a nearly 100% probability of a bullish move.
We took the trade with -7% stoploss and now it's in +15%. With 5x leverage, it's +75% profit.
It's time to take some profit and move stoploss @ entry.
High Expectations from GALHello traders!
Welcome back to another episode with Analyst Aadil1000x.
Today we are buying GALusdt as there is a very high probability of a bullish move. The overall market is not strong bullish but this pair has formed a strong bullish pattern and I am expecting at least a 22% move in this pair.
The stoploss is -7% so you can use 3x-5x leverage.
Stoploss 2.298(-7.1%)
Target 1, 2.723(+10%)
Target 3.020(+22%)
GALUSDT trendPlease refer the GALUSDT chart. The market is converged. The RSI values also converges. Ether price should be down towards supportive level OR the price will go upward to resistive Level
GAL/USDT longHello dear friends!
I want to share my thoughts about the entry point from the current values of 3.85-3.88 to a long position in GAL/USDT
take 1: $3.979
take 2: $4.117
take 3: $4.456
take 4: $4.783
take 5: $5.124
#GAL - triangle breakout Gal looks bullish. Big volatility and trading volumes. Nearest targets are in range 5,05-5,63.
GAL COIN ELLIOT WAVE NEW PLAN3.423 dollar still be interesting as entry point.
The plan still same just re count Elliot wave .
we haven't done the sub wave yet, just wait to complete the big wave 3.
GAL Project Galaxy LONG 20220802Red -> Green
Context: Green
GAL, GALUSD, GALUSDT, GALUSDTP, CRYPTO, CRYPTOCURRENCY, Project Galaxy
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
GAL TO THE MOONHey folks, I am Nav!
With this account, I am trying to journal my trades. And I like to keep my trades extremely simple and uncluttered.
Please use the areas highlighted as support,confluence or resistance and plan accordingly & responsibly
If you liked my idea, please check others and follow for more!!
Cheers :)
GAL POSSIBLE SHORT ENTRY!!!📉⏳ BINANCE:GALUSDTPERP
GAL has been moving upwards strongly for the past few days perhaps its time for it to take the fall!📉
On the 4HR chart is a hidden bearish RSI divergence which peaked on 20th July at the 3.4439 price mark forming what appears to be a equal low liquidity zone on the 2.9109 price mark. This zone ought to be mitigated if the market continues in a smooth direction.
A change of character has already been formed as seen on the chart and I am keen that price will be drawn to the immediate POI around the 3.5043 price range before continuing the downtrend, I have also kept my trade exit below 2% loss incase I'm wrong about this analysis. Trade with caution!!!
-Joel
Please like and follow to get more ideas/tutorials like this, I'd also love to know what you think about my idea😃.
GALUSDT Bearish Crab with DivergenceGALUSDT made bearish crab, also bearish divergence found in 4H frame
GALUSDT - growth by 14%triangle retest, after that growth on volumes, I think this is a good signal to buy
...............................