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GALA / TetherUS PERPETUAL CONTRACT

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GALAUSDT.P trade ideas

GALA price is on the verge before a big increase The GALA price is probably tamping the "bottom" now. If we look at the full trading history of GALAUSDT and apply Elliott Wave Analysis, we get the following: (1) a sharp wave of growth occurred in early 2023 and brought the GALA price out of a prolonged downward trend. (2) a protracted six-month correctional wave in the A-B-C format probably ended in June 2023 (3) the 3rd wave, which is considered to be the largest/longest, is probably just emerging. The GALAUSD price has a tough upward path ahead. $0.07 is a strong mirror level, above which a dense liquidity zone begins. We currently assume that the GALAUSDT price will be able to rise to $0.11-0.13 in a few months (x5-x6 from the current price). However, depending on the growth pattern, pace, and other inputs, the targets from above may be recalculated. In this case, we will update the GALAUSDT idea. So, please like, comment, and subscribe if you are interested, and we will provide you with relevant thoughts) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
11
✴️ Gala Games Very Strong (New High Within Weeks)We've already seen how everything is moving up, no surprise... We are seeing bullish momentum starting to build up across the market; This is only the beginning. The truth is that you haven't seen nothing yet. We haven't seen anything yet... This is truly the beginning of this bullish wave. We will see the Altcoins grow for weeks, can even be months, so imagine the potential. GALAUSDT produced a higher low in June '23 vs Dec. '22 while most of the Altcoins produced a lower low. This is a signal of strength. On the daily timeframe, GALA is already trading above EMA10 and EMA21 with a strong/bullish RSI. We have now doubt that there will be more, higher highs follow higher lows. That is all for now. Thank you for your requests. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
6
Gala deep fill, possible target 16.6cCurrent drop of Gala to 1.8 support shook a lot of people. Maybe some will never buy again. I myself am seeing this flush as a good thing, as now the price is lower and the possible rises would be even more welcomed from lower. I believe its possible here to start a move to 16.6 cents pivot for the long term, right now we are in an extremely oversold area and I am looking for the trade of the century, before the others sniff it out. Good luck everyone and bears, keep shorting maybe you will win! But that reward long seems too good to miss - 2 cents to 16 cents massive potential.
Long
by TheChartWhisperer
1
GALAUSDT is testing the dynamic supportGALAUSDT is at a critical juncture as it tests the dynamic support level. Dynamic support refers to a technical analysis concept where a moving average or trendline acts as a support level for the price. In this case, the dynamic support level is being tested by the GALAUSDT price, indicating a potential shift in the market sentiment. If the price of GALAUSDT fails to hold above the dynamic support level, it would trigger a signal based on Plancton's rules. Plancton is a renowned trading strategy or system that follows specific guidelines for entering and exiting trades. According to Plancton's rules, a breach of the dynamic support level would suggest a bearish trend reversal or a potential decline in price. Consequently, this would prompt traders following Plancton's strategy to consider initiating a new short position on GALAUSDT. By going short, traders aim to profit from a downward price movement. They would sell GALAUSDT with the expectation of buying it back at a lower price in the future, thus capitalizing on the price decline. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8