GALAUSDT.P trade ideas
GALAUSDT is inside the descending channelGALAUSDT has recently experienced a breakout from its weekly resistance level in the 0.05$ area. However, the market has since formed a descending channel, indicating that the price is currently experiencing a downward trend.
The descending channel is characterized by a series of lower highs and lower lows, with the price bouncing between two parallel trendlines. The upper trendline acts as a resistance level, while the lower trendline acts as a support level. As the price approaches the support level at the 0.04$ area, traders will be watching closely to see if it breaks through or bounces back up.
As per Plancton's Rules, traders will be waiting for a breakout from the descending channel and static resistance level before considering a new long position in GALAUSDT.
–––––
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 🦐
galaBINANCE:GALAUSDT
It is being supported. If the support at the 0.038 point continues for another hour, the specified goal will be achieved
Gala Games ($GALA) - Almost there..I shared this setup back in January and said I wanted to long in green - we are nearly there.
Lost high time frame resistance block (red) and now nearing my target high time frame gap (green) after a month and a half.
I was patient with this one, stood my ground, and should get the opportunity I've been planning for.
I will not blindly long this zone however - will depend on the reaction, structure and market environment.
Cheers
GALAUSDT bearish divergenceGALAUSDT 1H TF looks like it is going to be a bearish divergence, so we will avoid taking a position here.
Gala Falling Wedge , soon 0.042Falling wedge of GALA shows a bullish pattern. Get ready for 0.042 very soon.
Set your stop loss 2%—3% for this trade.
It is not financial advice. Do your own research.
Thank you.
🔥 GALA Falling Wedge: Wait For Break OutGALA was one of the first altcoins to rise in January, but also one of the first to top out and fall.
During GALA's bearish move over the last 5 weeks, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns.
I'm waiting for a bullish break out before considering a position. Keep in mind we can reverse from the top resistance. Targets in blue.
Gala Forming Falling wedge seems like gala getting ready for another bullish impulse
forming falling wedge in h4 timeframe incase of breakout expecting 40 to 45% bullish move
(note) always Wait for Confirmed breakout
Gala nice downtrend channelWe will see a big pump after crossing the channel
There you can see support and resistance
#GALAUSDT #LQRUSDT #TOBTC #LaqirProtocolimportant static support $0.02640 and $0.02420
minor resistance $0.0378
static resistance $0.04
Gala Short to 0.02675On this fibonacci analysis it shows the bears might be heading towards the 236 fibonacci retracement down at 0.02675 area. If we find support there would be a great place to build longs.
Today there was a sell signal and I dont believe we recover before we hit some bigger support on much lower number. I wont be buying until my target gets hit or I see a convincing buy signal.
Next possible support above 2675 is 3200, which might give us a temporary bottom. I'd like to be ready with a short from higher so I can withstand that.
GALA/ Whats next?good buy when it does a stophunt to the below and goes back up in seconds.
short and long prices can us see on chart.
gala shortif GAlA go bellow fib line 0 we should get nice profits $$$$ .
its only my opinion do own research. :D
GalaUsdtGALA USDT
SHORT
PRICE: 0.04106 / 0.04125
TP: 0.03978
SL: 0.04165
LV: X5
This is not a buy or sell signal and it is my personal analysis, so I have no responsibility for this currency
And your profit and loss is related to you
This is just my personal analysis
Thanks Devil.p.v
GALA USDT - Just an idea* its just an idea and not a pro advice *
I believe to Gala potential but note sure about the exact time and price, Gala can touch Fib 0.786 soon if the price do not cross from the 2H support line (Current 0.051) after the previous Pump.
If Gala pass the mentioned support and RSI break down the trend line, we could expect the Price comes to 0.0402 (Fib 0.236) and by touching the MA 200 daily, go for 0.382, 0.5 and finally 0.786 Fib.
I will appreciate you to share your opinion
BINANCE:GALAUSDT
GALA Long Position SetupGala is currently in a triangle pattern, and third push is on its way,
I am expecting for a break of down trend, and claiming all targets,
Lets see,
Gala Games, Plenty of upside potential - LongGala seems to be trading within a flag setup. At all different hourly intervals, it looks oversold. Many other fundamentals look good; Volume is even picking up a bit.
Support areas are strong and $Gala regularly makes big moves off support areas in short time periods. A look at the list of 'whales' shows little activity from them, if any, in relation to trading Gala; many received their coins when Gala was priced higher.
Consolidation has been going on for a bit after the last push above six cents. IMO, it's a steal at these prices and something to hold onto for years.
Gala Games has plenty of upside potential. They recently acquired Ember Entertainment and will begin onboarding Ember Entertainment mobile users to Web3. Ember Entertainment has several mobile games, which only add to Gala Games' already attractive portfolio. Gala plans to be the platform for web3 gaming; they understand mobile gaming is extremely important. They're making good moves, continuing to build, merge, etc.
*Important* - Cointelegraph headline - Gamers made up nearly half of all blockchain technology in January. Mobile gaming is almost $140B/year industry up $30B from last year (2022).
Gaming on web3 will be huge, who doesn't want to take in-game purchases after they're done with a game and trade or sell them?
*This is not financial advice. Added TPs and a stop loss just in case.
IF ETH & BTC drop significantly, Gala will, too.
GALA - Bounce here or fall lowerGALA broke out of its long term trendline a few weeks ago with a nice pumperino. It has still been in a nice uptrend but might fall further into a horizontal range and even further. If it continues to pump it could test the 50 SMA.
GALAUSDTGALAUSDT 1h TF
the price have moved upside and broken last lower high and created new higher high, we have to wait for new higher low and entry can be taken if the price break recent high.
I will analyze for you based on Fibonacci strategy and wave analI will analyze for you based on Fibonacci strategy and wave analysis
Gala short long and where?Gala just comirfed a short so is wil probable to the aupport zone (red lines) most likely it would bounce there. But take profit on time at the .618.
Ita also possible its gonna shoot like a MF.
