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GALAUSDT.5L trade ideas

Bottom in for Gala: Key Indicators Signal Bullish MomentumThe Wave 2 correction for Gala began on December 5th and initially appeared to be a straightforward Zig-Zag pattern. However, it evolved into a more complex WXYXZ correction, making navigation challenging. The correction concluded with a bottom at $0.03034 on Monday, December 13th. While I initially anticipated a larger retracement for Wave C, the strong price action suggests truncated Wave C, falling short of expectations. This marks a pivotal turning point for Gala as bullish signals begin to dominate the landscape. Why I’m Now Bullish Momentum Indicators Are Bullish The Weekly and Daily Stochastic RSI have flipped bullish. I employ a dual momentum strategy, trading in the direction of the higher time frame (Weekly) and seeking entries on the Daily or Hourly charts. With both the Weekly and Daily Stochastic RSI indicating bullish momentum, purely based on the strategy I no longer maintain a bearish bias. Breakthrough of Key EMAs Gala's price has broken above the Exponential Moving Averages (EMAs) on both the 4-Hourly and Daily charts. This signals strong upward momentum and a potential shift in trend direction. XRP Validation of Wave 3 XRP has broken the high of Wave 1, validating that it is now in Wave 3 of its bull run. This is significant because altcoins like Gala often follow broader market leaders like XRP. Bitcoin’s Ascension into Wave 5 Bitcoin’s recent price action suggests it has begun its ascent into Wave 5. Bitcoin’s movements have a strong influence on altcoins, and its bullish trajectory supports the case for Gala’s upward potential. Addressing Bearish Sentiment on Bitcoin Many market participants remain bearish on Bitcoin. Understandably as Bitcoin has had a relatively shallow correction barely correcting down to the 0.386 Fibonacci level, which is typically a minimum expectation for a Wave 4 retracement under Elliott Wave theory. However, markets do not always adhere to theoretical expectations. My analysis of Bitcoin’s wave count indicates that Wave 4 likely concluded at $98,888.98, and it is now ascending into Wave 5. While bearish skepticism is understandable, Bitcoin’s current price action suggests the bearish scenario is becoming increasingly unlikely. Short-Term Bearish Action At the time of writing this momentum indicators on the 1, 2, 4, 8, and 5-hour time frames are bearish, signaling the potential for short-term downside price action. This could provide a final opportunity to enter the market before momentum across the hourly, daily, and weekly time frames aligns fully to the upside. It is worth noting that price action is strong so looking for a dip might prove difficult. Next Moves for Gala I’m now focused on identifying an optimal entry point into the market as Gala transitions into the much-anticipated Wave 3. While short-term price action may be choppy, the key level to watch is the break $0.0666. Once this level is reclaimed, it will likely serve as a confirmation of Gala's Wave 3.
Long
by heywippa
1
Wave C Teeters on Invalidation at $0.03736This analysis of Gala's price action under the lens of Elliott Wave Theory suggests a critical point of potential invalidation in Wave 2, making it a pivotal moment for traders following this method. Here’s a breakdown and insights from the provided analysis: Key Points from the Analysis: Wave C in Progress: Wave C is part of a corrective A-B-C structure and consists of five impulsive subwaves. Wave 1 of Wave C was established at $0.03034, and the current price action suggests Wave 2 is nearing completion. Wave 2 Close to Invalidation: Wave 2, as per Elliott Wave Theory, must not exceed the high of Wave 1 at $0.03736. Current price action brought Wave 2 within $0.00008 of this invalidation point, highlighting the criticality of this juncture. Potential Next Moves: If the price exceeds $0.03736, the wave count for the entire corrective structure becomes invalid. The expected extension for Wave 3 is projected to the 1.618 Fibonacci level at $0.02592. However, this is a zone of potential support rather than a guaranteed target. Observations: Critical Resistance: The $0.03736 level serves as a pivotal resistance. A breach invalidates the current Elliott Wave count and suggests a need to reassess the thesis. Downside Potential: The 1.618 Fibonacci extension at $0.02592 could act as a significant support level if Wave 3 unfolds as expected. What to Watch For: Price Behavior Around $0.03736: If the price remains below this level, it reinforces the validity of the current wave count. A breach would indicate that the corrective structure is unfolding differently than expected. Conclusion: The analysis underscores a critical moment for Gala, with the $0.03736 level acting as the line in the sand for the current wave count. Traders should stay vigilant and prepared to adapt strategies if invalidation occurs. If the wave count holds, a move toward the $0.02592 zone could provide an opportunity for entries or exits, depending on one’s trading plan.
Short
by heywippa
9
Gala Trade Analysis: The Moment of Truth for CryptoThe cryptocurrency market is at a pivotal moment, with its future direction heavily dependent on Bitcoin’s immediate price action. Whether the market undergoes a further correction or breaks out into bullish territory will determine if Gala continues its current corrective phase or begins a new upward trajectory. Wave C Correction in Play For Gala, Wave B has concluded, and the focus is now on the ongoing Wave C correction, consistent with its Elliott Wave pattern. The critical target zones for this correction are: $0.027: A significant support level derived from Fibonacci extensions and prior price action. $0.024: A deeper corrective target that aligns with potential demand zones. Currently, the structure of the Wave C correction remains intact and valid, with no signs of technical invalidation. Gala’s price action continues to exhibit corrective behavior, suggesting a potential continuation of the downtrend unless Bitcoin's bullish momentum disrupts this trajectory. The Potential for a Truncated C Wave Bitcoin’s recent bullish momentum cannot be overlooked. If Bitcoin sustains its upward trend and holds above $98,300, it is likely to retest its all-time high. This scenario could result in a truncated Wave C for Gala. A truncated Wave C correction occurs when the C wave does not fully extend below the endpoint of Wave A, often signaling underlying market strength. Additionally, Bitcoin itself has yet to fully complete its Wave C correction. However, with Bitcoin’s price exceeding the high of Wave B, the correction is no longer a zigzag. This leaves only two possible outcomes for bitcoin: Bitcoin has entered Wave 5, marking the start of a bullish impulse. The Wave C correction is an expanded flat, suggesting a final corrective move before resuming the trend. Key Level to Watch: $98,300 Bitcoin’s performance at $98,300 is critical. Scenario 1: If rejected, further downside for Bitcoin is expected, potentially extending corrective phases across the crypto market, including Gala. Scenario 2: If support holds and bullish momentum persists, this could ignite a strong market-wide rally, including a truncated C wave for Gala and a new impulsive wave for Bitcoin. Conclusion The cryptocurrency market stands at a defining crossroads, and Gala’s trajectory is intertwined with Bitcoin’s next move. Monitoring Bitcoin’s price at $98,300 is crucial, as it will provide the clearest indication of whether the market corrects further or prepares for the next bullish wave. Stay alert, as this could be the turning point for the entire crypto space. But also, make no mistake, Crypto is highly manipulated. The market will do everything it can to make you think it's about to turn around, only to reverse against you. Naturally it will take you to the limit.
by heywippa
Gala Update: Wave A Complete, Wave B in PlayThis analysis is subject to pricing holding support at $0.03441. Wave A Analysis I believe we have completed Wave A of an A-B-C corrective structure, with us hitting 2 price targets in my previous idea. Wave A consists of 5 impulsive waves, as mapped out above, and has landed in a key reversal zone — specifically between the 0.618 and 0.65 Fibonacci levels. This is a significant area where price historically tends to bounce. Additionally, Wave A ended with a swing failure pattern (SFP), which often signals a potential reversal to the upside. However, it is critical that $0.03441 holds, as this has proven to be a significant level of support in the past. Wave B Analysis At this point, I am uncertain about the exact corrective structure of Wave B. For now, I am assuming a standard Zig-Zag Correction until proven otherwise. Wave B usually retraces to the 0.50 Fibonacci level, with a target price of $0.03866. This level has strong confluence for several reasons: It aligns with a previous point of control. Just above it sits Weekly Resistance at $0.03944, which will likely serve as a significant barrier. The EMAs in this range could converge to form a strong resistance zone, potentially marking the end of Wave B and setting the stage for Wave C. Wave C Analysis Looking ahead, my target for this correction remains, targeting the 0.786 Fibonacci level at $0.02794. If you refer to the Weekly chart an text book A-B-C correction down to this level seems quite obvious, with Wave C forming a lower-low from Wave A on a higher time frame. In addition to the above considering the depth of Wave A, a retracement to 0.786 fib level seems plausible. Furthermore, I anticipate Bitcoin revisiting prices below GETTEX:87K which will likely be the catalyst for dragging Gala down to the lower levels. Bitcoin dominance remains stubbornly high, I would hope to see this fall off a cliff soon as all the metrics are lining up for Altcoin Season except for Bitcoin Dominance. These broader market metrics strengthen the case for Wave C to reach the $0.02794 target.
Long
by heywippa
18
Gala's Beautiful Correction-How Deep Will We Go (WXYXZ Update)What a beautiful correction this has been! Since December 8th, I’ve been closely tracking and capitalizing on this move, and for the most part, my predictions have played out as anticipated. If you’ve been following along, I hope you’ve enjoyed the charting and analysis. Currently, the Z wave is unfolding as hoped. This is an ABC correction, and I’m leaning toward the idea that it will follow a straightforward Zig-Zag Correction pattern. Here are my price targets: Target 1: $0.03527 — Middle of the CC Fib Range. Target 2: $0.03203 — Support at the 200-Day EMA on the daily chart. Target 3: $0.02794 — 0.786 Fib Level. Why Are These Targets Realistic? Bitcoin’s Continued Correction: Bitcoin’s 4-hour candle has closed below the 200-Day EMA, which adds confidence that Target 1 will be reached. Wave Z in Progress: If my labeling is correct, we are now in Wave C, the final wave of this correction. Wave C consists of five impulses, as illustrated previously with Wave W shown above. It looks like Impulse 1 could take us to Target 1, leaving room for the price to reach Targets 2 and 3 thereafter. Bearish Daily Momentum: The daily Stochastic RSI remains bearish. Until this momentum indicator on the daily timeframe shifts down further, my bias remains bearish, supporting the potential for lower price levels. Why This Could Be the Final Drop This correction is likely the last opportunity to secure great prices for most altcoins, including Gala. Even if you were to enter now, it’s still a favorable range in my view I wouldn't worry to much about getting the bottom. I’ve been patiently waiting for the Weekly Stochastic RSI to cross bullish, which should happen soon — a major bullish signal for me. For now, I’m keeping an eye on the Daily Stochastic RSI, waiting for it to lose more steam and head toward the oversold region. That’s where I’ll be looking for a solid entry point. I don't think this will be a long correction I think it will be over by the weekly candle close. Final Thoughts Everything I want to see is aligning for altcoin season, except for Bitcoin Dominance. This is the only metric that isn't dropping, which is bugging me to no end. However, No matter where you choose to enter, I believe any position here is a strong one. Patience and preparation will pay off as this correction concludes and sets the stage for the next bullish move.
Short
by heywippa
4
The final drop before alt season starts? lets see!To be fair, this could go either way. But we may have just put in Wave X its a bit early to tell, but I think we might see a move down into the Z wave pattern. I’ve been talking about a potential Bitcoin drop for a little while, its always been in the back of my mind. Anyways, the momentum indicators have aligned that could suggest that we might get that drop. On both the Daily and 4-hour charts, the stochastic RSI has turned bearish. However, the Weekly stochastic RSI is on the verge of a bullish crossover, which is why this could go either way. This scenario mirrors what’s happening across many altcoins, including Gala. There is also bearish divergence on the 4-hour charts marked above, however take this lightly as the previous high was only marginally above the previous high but it does show a loss of momentum. My Theory If we drop here this would bring the Daily RSI down to the oversold zone, potentially aligning perfectly with a bullish crossover on the Weekly RSI. I am hoping that we might witness a collapse in Bitcoin dominance as well, which would formally indicate alt season. This is a bold prediction, so let’s see how it unfolds. Key Confirmation I’m watching for a clear 4-hour candle close below the 26-day EMA (approximately $0.04181). If this happens, it would strengthen my confidence that the Z wave is playing out as anticipated.
Short
by heywippa
8
Gala Price Analysis – Tracking the WXYXZ TheoryRecent Price Action: Gala rejected off resistance at $0.0447, as expected. The price is now looking to back-test the top of the channel at $0.04010. Lets watch to see if we find support at the top of the channel. Short-Term Target: If the channel holds as support, we could see a price target of $0.04782, completing the X wave within the WXYXZ corrective structure. Technical Indicators Analysis: Stochastic RSI: Daily Timeframe: The stochastic RSI is currently bearish, signaling caution for the medium term. 4-Hour Chart: Contrarily, the stochastic RSI is in the oversold region, supporting a short-term upward impulse to complete the X wave. Weekly Timeframe: The stochastic RSI on the weekly is beginning to turn bullish. This is an exciting signal, indicating that Gala could be building momentum for a significant move. Next Pivotal Moment: Scenario A: X Wave Completes: After hitting the X wave target ($0.04782), Gala faces a crucial decision point. The outcome will depend on whether: The price continues upward, confirming strength. Or it retraces into Wave Z, signaling weakness. Scenario B: Bitcoin's Influence: Bitcoin's price action may play a deciding role. If Bitcoin dumps (as it might, given current market sentiment), Gala could follow, aligning with a Wave Z retracement. However, if Bitcoin stabilizes or shows strength, Gala may defy expectations and break upward. Broader Market Context: A potential "trap" scenario could play out across the market, where traders are lured into positions before a major Bitcoin-driven move downward. This would align with a Wave Z retracement for Gala. Weekly Outlook: The weekly stochastic RSI turning bullish for Gala is a huge factor to monitor. It suggests that even if a Wave Z retracement occurs, it may be a final consolidation before a significant breakout. Conclusion: In the short term, expect an upward impulse toward $0.04782 as the X wave completes, assuming the channel holds support. The pivotal moment comes afterward: whether Gala continues upward or retraces into Wave Z will depend heavily on Bitcoin and broader market conditions. Next Week: Gala's weekly stochastic RSI hints at potential fireworks, whether it's a breakout or a dump. Stay prepared for either scenario.
Long
by heywippa
6
GALA: Hyper-Bullish Breakout!Have you noticed GALA’s impressive surge lately? The recent breakout from the resistance zone (Green) at $0.04032 - $0.04144 is signaling that momentum is rapidly increasing, with the next critical level just ahead. The question remains: Will GALA settle for a bullish trend, or are we on the brink of a hyper-bullish surge? Let’s explore further! GALA has not only moved beyond the resistance zone (Green) at $0.04032 - $0.04144 but has also reclaimed a significant structural level that has previously served as both support and resistance. With prices now above this level, bulls have laid a strong foundation for future growth. Currently, GALAUSDT is testing a descending trend line, which it has been below since early December. This is a crucial area to monitor! A breakout above this trend line could lead to a series of breakouts, often indicating significant bullish strength on the horizon. If the bulls manage to overcome this trend line, it could be a game-changer. Upon clearing the resistance, GALA is likely to target the next resistance zone (Pink) at $0.05271 - $0.05413. However, if the momentum remains strong, we might see GALA push even higher towards the next resistance zone (Blue) at $0.06288 - $0.06483, which is often associated with considerable profit-taking. Traders should exercise caution at this level, as it has historically attracted sellers.
Long
by TheCryptoCity
GALA Bulls Must Watch This Level—A Major Move Is Coming!Yello, Paradisers! Have you been watching #GALA’s explosive move? The recent breakout from the ascending triangle pattern is sending a clear message—momentum is heating up fast, and the next pivotal level is right around the corner. But will GALA stop at just being bullish, or are we about to see it shift into hyper-bullish territory? Let’s dive in! 💎#GALAUSDT is now heading straight for a critical descending resistance zone around $0.04600. This is the level to watch! A breakout above $0.04600 would trigger a breakout after breakout setup—something that often signals major bullish strength ahead. If the bulls can smash through this level, it’s a game-changer. 💎GALA will likely be targeting $0.054 to $0.056 after clearing the resistance. But if the momentum stays intact, expect GALA to make a run higher for $0.06660, where we see the next big cluster of profit-taking. The $0.06660 to $0.07000 zone is where traders should be cautious, as this level historically brings out sellers. 💎Not only has GALA broken above its pattern, but it’s also reclaimed a major structural level between $0.0395 and $0.0410—a key zone that has acted as both support and resistance in the past. With price now holding above this level, bulls have established a solid base to build on. Below this, we see a layer of ascending and horizontal support, giving GALA strong protection on the downside. Paradisers, this setup is looking very promising—but don’t forget, discipline and patience are key in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Market Remains Ambiguous: Gala Looks Good To Go. But is it?Before diving into Gala's current movement, it’s crucial to establish this foundational point: Wave 3 is only confirmed when the price breaks the high of Wave 1, which is $0.06667. Until that milestone is reached, any analysis remains speculative. Previous Analysis Recap In an earlier idea, we tracked a WXY correction with the Y wave targeting $0.02761 (0.786 Fibonacci level). However, after the Y wave played out for a few days, it became clear that we were correcting within a descending triangle. This pattern suggested the possibility of price movement in either direction. While I anticipated a downward movement for Bitcoin and Gala, I was also prepared for an upward bounce. Why I Anticipated a Downward Move? Bitcoin's Unfinished Correction: In my Bitcoin analysis, I noted that Bitcoin likely hasn’t completed its full correction. During the last bull run, Bitcoin Dominance collapsed during Wave 4 corrections, paving the way for altcoin season. That hasn’t occurred yet, as Bitcoin Dominance remains high. A further price drop would align with the completion of this correction. Shorter Corrections Are Unlikely: Historically, Bitcoin’s Wave 4 corrections have been deeper and longer, lasting around three months in the previous cycle. At present, Bitcoin’s correction is only 3.5 weeks in, suggesting more time may be required. Current Developments Instead of a deeper correction, Gala’s price bounced upward, potentially extending the overall corrective phase. While this could lead to further upward movement, it doesn’t entirely rule out the possibility of additional downside later. Momentum Indicators Turn Positive: Gala has already undergone a significant correction, nearly reaching the 0.786 Fibonacci level. Daily RSI indicators suggest there is enough momentum for the price to climb higher - A potential X wave could target $0.04407. Future Scenarios: I am open to this being Wave 3, but I am also open to this correction extending to a WXYXZ correction (they can go on forever technically). I can't predict where the X wave will end, and how deep the Z correction will be until X is complete. However, for Wave 3 confirmation, Gala must surpass $0.06667. It’s worth noting that the X wave could climb as high as $0.06600 and still remain part of a corrective structure. Perspective and Patience This analysis serves as a reminder to maintain perspective. While the allure of immediate resolution is tempting, markets often operate on longer timeframes. Bitcoin’s current correction phase is relatively young compared to historical patterns, and this may apply to Gala as well. Final Thoughts At this stage, the market remains ambiguous, and interpretations may evolve as new data emerges. The charts provide valuable insights, but certainty is only achieved in hindsight. For now, tracking key levels will be critical to understanding Gala’s next significant move. Stay flexible and prepared for either scenario as the market unfolds.
by heywippa
1
#GALA (SPOT) IN (0.025- 0.036) T.(0.24) SL(0.024)BINANCE:GALAUSDT #GALA / USDT Entry (0.02500- 0.03600) SL 1D close below 0.02400 T1 0.09900 T2 0.15000 T3 0.18000 T4 0.24000 3 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #GALA
Long
by Crypto_alphabit
5
Is GALAUSDT Setting Up for a Bullish Breakout?Yello, Paradisers! Are we on the brink of a major bullish move for GALAUSDT, or is more downside on the horizon? Let’s dive into the latest analysis to help you prepare for what’s coming. 💎GALAUSDT has been consolidating in a descending channel, signaling a healthy retracement. This structure increases the probability of a bullish reversal—if key conditions are met. 💎If the price triggers an inducement and begins forming bullish patterns—such as a bullish I-CHoCH, W pattern, or inverse head-and-shoulders—at the key support zone, the likelihood of a strong upward move will significantly increase. 💎In the case of deeper retracement, we’ll look for a bounce off the strong support zone. However, confirmation is key. Keep an eye on patterns like the bullish I-CHoCH, W formation, or inverse head-and-shoulders to validate the bullish case. 💎If GALAUSDT breaks down and closes a candle below the strong support zone, the bullish outlook will be invalidated. In this scenario, patience will be critical—it’s better to wait for more favorable price action to form before making a move. 💎Discipline and risk management are essential in navigating markets like this. Remember, Paradisers, trading isn’t about predicting—it’s about reacting smartly to what the market shows us. 🎖Play it smart, stay patient, and wait for the best opportunities. Success in crypto is a long game, not a quick sprint! Stay disciplined, and you’ll already be ahead of the majority. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise