GALA shortGALA bounced down off the resistance level. Asset broke trough the ascending trendline. Bearish movement to support level at 0.0442 is expected to happen.
GALAUSDT.P trade ideas
$GALA Long idea$GALA Is currently retesting support. I'm going to open a long and expect this coin to go up!
GALA is breaking down
GALA has been moving in an ascending channel and it's breaking down.
RSI is at breaking point as well.
Target would be the EMA 50D.
* For safe trade, one should wait for confirmation before entering (a clear break-down with 4H candle and succesful retest of trendline if needed (depending on you style)).
GalaTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Gala has dropped -98% from the top. I think the bottom for this coin is in. If the crypto market crash, we may retrest that area again, however, for the most part I'd say the bottom is in. Most coins do not get a -98%. Altcoins would correct -90-95%, -98% or more usually means the project is dead or a ponzi.
Gala games has been one of the most promising coins during this bear market. Constantly updating and making new partnerships so we can rule out that this coin is dead or a ponzi.
I've added a chart from Coinmarketcap to get the full data on this chart since trading view doesn't have it on any gala charts. The wave count is starting from data I've gotten on CMC. Wave 2 should be in with the -98% drop and we are working on a new impulse wave (3). The top for wave 3 is projected to be around $1.3
We could see this in either 2024 or later in 2028. It all depends on how the crypto market is doing as a whole and if gala games keep delivering.
R/R ratio from today's price: 33.4
Potential upside: 2244%
Potential downside: -67% this would retest the -98% drop and give us a double bottom.
Chart timeframe is on the daily.
GALA ideasit could pump from here,
drop to POC
or drop to VAH.
its worth the risk. lost and lost of confluence .
ENTRY SHORT >> 0.0550
stoploss >> 0.05888
TP1 1 > 0.04210 (poc)
TP 2 > 0.0375 (val)
TP 3 > 0.03355 (618 fib
!!-- DONT FORGET YOUR STOPLOSS --!!
possible short for gala as btc is pulling backtrade these levels possible short after breakdown
do it with your own risk
it is just analysis follow proper risk management
do not rush the process
GALAUSDTWish bull isn't over greed will eat us alive.
break the fourth time
Forgive me, Hera, I cannot stay
He cut out my tongue
There is nothing to say
Love me, oh Lord
GALA - READY TO PUMP??!?!?Entry - 0,055-0.056
Take profit - 0,065, 0,075, 0,076 , moon.
Stop - 0,049
found similarity on fractal with LTC, I look forward to at least 30% growth
Gala second test.As we can see it’s the second time when GALA is trying to pull out from the top. Let’s see what next candle will show us.
0.0605 I ExpectI started the analysis when it was at 0.0559 and a sudden pump. huh.....
But GALA is inside a channel and Currently it is getting the 50 Moving average support on 4H.
Also getting 100 and 200 Moving average support. from here we can expect a break of previous high and a higher high. Currently there is a resistance but we most probably will break it soon.
In case of bullish movement from the dominator(BTC) can send us to have a retest of the upper line of this channel but I am not expecting more than 0.00605 for now..and that is my target
#GALA with in Triangle Pattern.#GALA in a Triangle Pattern.
waiting for that reaction, if it bounce up it could make a fake breakout and go back to the last Resistance to Test it before it keeps up.
2nd Scenario is that i will go straight up
1st Target is than 0.0644
GALAUSDT future for 5%/50% Absolute X10My recommended trades are based only on the uptrend of the market. It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit. And only losing trades will remain open until they are liquidated. This trading strategy is backtested and works only in an uptrend.
GALAUSDTP LONG0.053 is the major support
target is 0.062
when a mechanical engineer become a trader ..
GALA update Gala in up-wave and its clear that next target is 0.715
Today or maximum tomorrow we will reach it
Over all its a bearish pattern and ill sell it soon
Stop lose is mandatory.
GOOD LUCK
LONG GALA NOW!We have a bullish formation and an inverted shoulder head shoulder
Probably the easiest long in modern history.
GALAUSDT | SETUPGALA has been in a strong bullish trend.
Now on short time frame the price is resisting from a falling trend line while price is keep holding a rising support.
The bulls can show strong momentum at support
Manage your trades accordingly.
GALA is about to melt faces...again!Many bullish factors here like the 200 daily MA and 50 MA fixing to cross, 200 EMA support and ascending channel as well. Let's go GALA games!! :D
GALAUADT 4h
Let's take a look at the GALA/USDT pair. This coin is putting on a show in graphical analysis. Notice that after that high in the first week of January, it formed a nice smooth bullish trough currently it has reached another support zone of that trough. We have two possible moves here.
First: The continuation of this channel, GALA could go up to 0.0527 and pull back up
Second: Rejection and retreat from Channel , for a downward movement towards .
The prognosis is favorable, as it is one of the main coins of the metaverse.
Here are the supports and resistances in the 4H:
Main support levels : 0.05393 / 0.04726 / 0.04205
Main Resistance Levels : 0.05962 / 0.06873
I'm not a financial consultant. The content I share on this site is for educational purposes and is my own personal opinion.
GALA NICE UPTRENDGALA is moving very well in uptrend and its at uptrend support in 4h, which is a good sign to buy
DYOR
✴️ GALAUSDT | Gala Games (Name Your Altcoin #1 ✅)
Let's get started with your top altcoins choices and we are aiming to do 30-50 of these... 30-50 trade ideas based on your favorite altcoins.
The first one we go for is Gala Games (GALAUSDT).
We start with the daily timeframe and right away notice a few interesting details and bullish signals that needs to be pointed out.
Here is the chart:
After the July low, which marks the end of the strongest bearish impulse, we have a small bounce/relief rally that ended in mid-August.
From here a new downtrend forms shown here as a falling wedge.
Since the June low is the lowest level hit in years, it becomes our first main support turned resistance and so we mark this on the chart.
In December a low is hit and by the first week of January 2023 the bullish action is pretty clear... and thus we move to the bullish signals:
A strong breakout out of the downtrend/falling wedge pattern favoring the bulls.
Break and close of two important short-term moving averages in the form of EMA10 and EMA21.
Trading volume starts to increase.
The RSI becomes super strong.
GALAUSDT moves above EMA50 and the secondary November low.
GALAUSDT moves and closes above EMA100 and MA200, securing long-term potential.
Finally, the pair recovers above the July 2022 low and now starts to consolidate.
All these signals are favoring the bulls.
The strongest signal is the recovery above the July 2022 and move above MA200.
The strong RSI and high volume support a true bullish breakout.
Looking at this same daily chart, the next target stands at EMA300 or 0.07390 short-term.
The weekly timeframe gives a better picture:
The 9-Jan week produced the highest volume ever, strong bullish confirmation.
The new bullish trend that is developing we can spot easily.
More targets show up, now the mid-term perspective and the Fib. golden ratio at 0.10827 comes up next but first, EMA50 needs to be challenged weekly and this coincides with another Fib. level in the 0.08640 to 0.08815 range.
When we zoom out we get the full picture, the long-term potential.
The log. scale helps us appreciate the major downtrend that has been broken as well as the "V shaped" bottom with the targets mapped at 700% and 1193%, still for a lower high.
The next bull market will hit new highs, new All-Time Highs and so the potential is much bigger than what we are displaying on this chart.
If you remove the log scale and switch to linear as the main chart above, you can understand what we mean by "this is only getting started"... It is easy to see action happening at the bottom, and once we hit bottom, the only place left to go is up.
Name your altcoin #1.
Namaste.
