#GALA/USDT#GALA
The price is moving in a descending channel on a 4-hour frame
Supported by the breakout of the Moving Average 100 and bullish momentum
It is expected that this descending channel will be broken upward
Current price 0.02771
First target 0.02910
Second goal 0.03151
Third target 0.03350
The fourth target is 0.03549
GALAUSDT.P trade ideas
Do u have Gala?Gala (GALA) has been on a tear in recent weeks, breaking out of a weekly trading range between $0.02495 and $0.04163. The bulls are now eyeing a breakout above $0.07120, which could open the door to a rally towards $0.3383.
Supportive Factors:
Strong technicals: GALA's moving averages (MAs) are trending bullish, with the 50-day MA crossing above the 200-day MA. The relative strength index (RSI) is also in bullish territory, above 70.
Positive market sentiment: The Fear & Greed Index is currently in "Extreme Greed" territory, indicating that investors are bullish on cryptocurrencies.
Upcoming catalysts: GALA is scheduled to launch its Gala Games Store on March 8, which could boost demand for the token.
Potential Risks:
Bitcoin volatility: GALA is a small-cap altcoin and is therefore more volatile than Bitcoin. A sharp decline in Bitcoin could drag GALA down with it.
Profit-taking: The recent rally in GALA has been parabolic, and some investors may be looking to take profits. This could lead to a short-term sell-off.
Overall Outlook:
The bulls are in control of GALA, and the technicals are pointing to further upside. A breakout above $0.07120 could trigger a parabolic rally towards $0.3383. However, investors should be aware of the risks of Bitcoin volatility and profit-taking.
Disclaimer: This is not financial advice. Please do your own research before investing
GALA: sel in orderblock📊Analysis by AhmadArz:
🔍Entry: 0.0459
🛑Stop Loss: 0.0479
🎯Take Profit: 0.0437-0.0419-0.0402-0.0384
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🎮 GALA Gaming Narrative Trade Setup! 🚀🎮📊 Analysis:
Gaming Narrative: The gaming narrative is gaining momentum, potentially impacting GALA.
Testing Support: GALA is currently testing support, offering an entry opportunity.
Buy Zone: Enter a spot trade in the support area between $0.04275 and $0.045.
Take Profit Strategy: Consider taking profits at the next resistance zones, either $0.0485 - $0.0525 or $0.058 - $0.063.
Stop Loss: Set a stop loss just below the $0.04 level for risk management.
🌐 Note: Monitor the broader gaming and crypto market trends for additional context.
GALA/USDT Keep an eye backtest on the demand, Could GALA Bounce?💎 GALA has recently displayed noteworthy market dynamics, experiencing rejection and potentially retracing back to test the demand area around $0.038.
💎 If this retracement holds, there's a probability that GALA will bounce from the demand area and resume its upward movement toward our target zone.
💎 However, should GALA fail to find support at the demand area and instead break below it, the next significant level to watch for is the support area.
💎 GALA needs to bounce from the support area and reclaim territory above the previous supply levels if it intends to maintain its upward trajectory.
💎 Failure to do so could confirm a reversal back to a bearish trend, potentially leading to further downward movement in price.
Gala Price Analysis: Bulls Eyeing $0.3383 BreakoutGala (GALA) has been on a tear in recent weeks, breaking out of a weekly trading range between $0.02495 and $0.04163. The bulls are now eyeing a breakout above $0.07120, which could open the door to a rally towards $0.3383.
Supportive Factors:
Strong technicals: GALA's moving averages (MAs) are trending bullish, with the 50-day MA crossing above the 200-day MA. The relative strength index (RSI) is also in bullish territory, above 70.
Positive market sentiment: The Fear & Greed Index is currently in "Extreme Greed" territory, indicating that investors are bullish on cryptocurrencies.
Upcoming catalysts: GALA is scheduled to launch its Gala Games Store on March 8, which could boost demand for the token.
Potential Risks:
Bitcoin volatility: GALA is a small-cap altcoin and is therefore more volatile than Bitcoin. A sharp decline in Bitcoin could drag GALA down with it.
Profit-taking: The recent rally in GALA has been parabolic, and some investors may be looking to take profits. This could lead to a short-term sell-off.
Overall Outlook:
The bulls are in control of GALA, and the technicals are pointing to further upside. A breakout above $0.07120 could trigger a parabolic rally towards $0.3383. However, investors should be aware of the risks of Bitcoin volatility and profit-taking.
Disclaimer: This is not financial advice. Please do your own research before investing.
GALA/USDT Technical Analysis:
GALA/USDT Technical Analysis:
Current Situation:
Current Price: 0.04336 USDT
Breakout above Resistance at 0.04200 USDT
Analysis:
A significant breakout above the 0.04200 resistance suggests bullish potential.
The previous support zone at 0.04200 may now act as a key support level.
Trading Objectives:
Long Position:
Entry Price: 0.04336 USDT
Target: 0.04710 USDT
Stop Loss: To be determined based on acceptable risk level.
Short Position:
Contemplated if there's a reversal or bearish signals.
Profit Target and Stop Loss to be defined based on real-time analysis.
Note:
Trading involves risks; ensure proper risk management.
Monitor market developments and adjust your strategy accordingly.
Good luck with your trades. Make sure to closely monitor market movements for informed decision-making.
GALA/USDT Could GALA bounce from here and Break the resistance ?💎 GALA has recently witnessed noteworthy developments in the market. Currently positioned in the demand zone, a positive indication would be a daily close candle with a bullish rejection, signifying the potential for a price rebound and sustained momentum.
💎 The subsequent target lies in the resistance area, and for GALA to sustain its upward trajectory, breaking out of this level is crucial, probability facilitating an easy path towards our targeted strong resistance area.
💎 However, if GALA fails to exhibit a bullish candle rejection, there's a likelihood of retracement to the demand zone. It becomes imperative for GALA to maintain this area, as a breach would prompt a shift back to a bearish sentiment, leading GALA into a downward movement towards the robust support area.
GALA/USDT Market Analysis - Waiting for Market Correction for BIn recent days, the GALA/USDT market has demonstrated a significant buying force, indicating strong investor interest in this trading pair. This surge in activity suggests a heightened confidence in the GALA cryptocurrency.
However, it's crucial to recognize the importance of timing when entering the market to maximize potential gains. Currently, it appears advisable to refrain from initiating positions during these periods of buying strength. Caution suggests waiting for a market correction before considering new buying opportunities.
Exercising patience for a market downturn can present substantial advantages. Buying opportunities often arise when the market corrects after a bullish phase, allowing investors to acquire assets at more attractive prices.
In summary, while the recent buying strength is encouraging, adopting a wait-and-see approach could prove strategic. Waiting for a market correction before taking positions may yield more favorable buying opportunities in the long run.
It's always recommended to closely monitor market developments, consider both technical and fundamental analyses, and review historical trends for well-informed decision-making. Cryptocurrency markets are known for their volatility, and a cautious approach can help mitigate potential risks.
$GALA3x Long Position
1HR:
Bullish trend strength: 35
MA7 > MA25 > MA99
MA50 > MA100 > MA200
Supertrend is long
Price > MA7
Price > MA50
Price > Tenkan Sen
Price > Kijun Sen > Kumo
Kijun Sen acting as support
MACD > 0
4HR:
Bullish trend strength: 30
MA7 > MA25 > MA99
MA50 > MA100 > MA200
Supertrend is long
Price > MA50
Price > Tenkan Sen
Price > Kijun Sen > Kumo
Chikou Span > Price
1D:
Bullish trend strength: 15
ADX > 25
Supertrend is long
Chikou Span > Price
MACD > 0
GALA Exiting Parallel Channel Gala was trapped in a parallel channel from last two year and now is time for exit.
I bough few in advance and will add more once is closes above the channel and look for targets as per chart
Middle of channel is also a support if it plans to come back.
previous supports in dotted lines are my planned target for coming months.
Very Bullish Hello my friends, an analysis for the long term and for the holders on Gala currency.
As I specified in the daily chart, there an attractive target around 0.069$ for this currency, it was assumed that the price will be reached in the future.
Do not forget that this is my personal analysis and you should act according to your trading strategy and plan.
My method has no loss limit and you can visit the rest of my analysis for accuracy.
You can send a message to analyze the currency you want.
Good luck
gala monthly formationGala, this is a long-term chart, the movements will be accordingly, the falling wedge coming from the left has broken, it normally comes to rtest, 30.75 can be withdrawn, then the rise continues, the first stop is 0.073, the next stop is 0.166
But this is a monthly chart, these movements do not happen overnight, each candle represents a month, it takes time.
GALA/USDT Bracing for a Bullish Reversal from Key Support?💎 Paradisers, prepare for an exciting turn in #GALAUSDT, as it's on the brink of a bullish leap from a pivotal support area.
💎 Diving into #GALA's recent actions, we're seeing signs of a potential bullish shift right after facing a hurdle at $0.03669. Now, with #GALA hovering around the strong support level of $0.02081, holding firm here could trigger an energetic bullish wave.
💎 Eager to seize every opportunity? If #GALA dips below $0.02081, we're looking to bounce back from an even lower support at $0.01690. Dropping further could lead us to rethink our bullish expectations.
