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GALA / TetherUS

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GALAUSDT trade ideas

Alikze »» GALA | Wave 3 or C scenario - 8H🔍 Technical analysis: Wave 3 or 3 scenario in the ascending channel - In the 8H frame, it is moving in an ascending channel. - So far, a movement cycle AB=CD within the ascending channel has grown to the size of 0.78 fibo. - After that, it had a corrective cycle up to the green box range, which has met with demand again. - Currently, it is in the middle of the channel, which can continue its growth by breaking it up to the limit of the first supply area (the ceiling of the channel). 💎 After that, if it has a soft and zigzag correction, it can continue its growth with a bullback to the broken structure (minor ceiling) in the ascending channel until the second supply area as wide as the first channel. ⚠️Note: In addition, if the current price enters the corrective phase and touches the Invalidation LVL area, the bullish scenario is invalidated and must be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GALAUSDT
Long
by alikze
GALAUSDTSince both rsi and macd crossed upwards on a weekly time plane, and on the one-day time plane the chart is already above the 50 ema, while both rsi and macd have already crossed the middle line, so I have now started my second position in the medium term. This means that I hold the position until the 4-hour macd 0.00 cross, or if I follow it on an hourly time plane, then until the 1-hour death cross. Since the environment is quite bullish, I assume that in the coming weeks he will do the golden cross on the 1-day time plane, which will result in a spectacular gap in terms of the chart. I don't see shorts. I would also welcome the insight of others in case my conclusions do not hold up and I need to rethink my position.
Long
by begalat
1
GALA is looking bearish on the USDT chart. It has formed a beariGALA is looking bearish on the USDT chart. It has formed a bearish flag, which is a technical analysis pattern that suggests a continuation of a downtrend. The price has broken down from a rising wedge pattern, which is another technical analysis pattern that suggests a reversal of an uptrend. These patterns are often used by traders to identify potential entry and exit points in the market. Based on these patterns, the price target for GALA is 0.008 USDT, which is the 1.618 Fibonacci retracement level of the previous uptrend. A bearish flag is a rectangular consolidation pattern that forms after a sharp decline in price. The upper and lower boundaries of the flag are parallel lines. The price typically trades sideways within the flag for a period of time. A breakdown below the lower boundary of the flag signals a continuation of the downtrend. The bearish flag pattern in the GALA USDT chart suggests that the downtrend that began in September is likely to continue. The price has broken down from the lower boundary of the flag, and there is no sign of a reversal. The price target of 0.008 USDT is based on the 1.618 Fibonacci retracement level of the previous uptrend. This level is often used by traders to identify potential support and resistance levels. A rising wedge is a triangular consolidation pattern that forms after an uptrend. The upper and lower boundaries of the wedge converge as the price moves higher. The price typically trades sideways within the wedge for a period of time. A breakdown below the lower boundary of the wedge signals a reversal of the uptrend. The rising wedge pattern in the GALA USDT chart suggests that the uptrend that began in August is likely to reverse. The price has broken down from the lower boundary of the wedge, and there is no sign of a reversal. The price target of 0.008 USDT is based on the 1.618 Fibonacci retracement level of the previous uptrend. This level is often used by traders to identify potential support and resistance levels. It is important to note that technical analysis is not a guarantee of future price movements. It is simply a tool that can be used to identify potential trading opportunities. Traders should always do their own research and consider other factors before making any investment decisions.
Short
by Broker_Hunter
6
GALAUSDT 1D - Bullish ChannelGALAUSDT 1D - Bullish Channel GALA, after making lows at 0.0135, is developing a bullish channel with rising highs and rising lows. It is an interesting value to follow in a trend because it tends to be constant. The strategy to follow will be to buy at the base of the channel and take profits in the 0.026 area where it has a clear resistance. Now, at the moment it is in a consolidation area so we have to be attentive and respect the SL to protect our investment. It is likely to continue its trend looking for 0.026, but it is still below the EMA-100 so it can easily turn around. To confirm that it has bullish strength, we should expect a cross of EMA-50 and EMA-100 and for the value to fluctuate on both EMAs. LEVELS: SL: 0.017 TP1: 0.026 TP2: 0.048 All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your wallet. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
"GALA Ignites the Bulls: A Daily Surge Unfolds"From the point marked with the red arrow on the chart, we observe the beginning of what appears to be a developing pattern in GALA. The structure suggests the formation of a diametric, a rare and complex pattern, and the price is currently advancing toward completing the E wave within this structure. As long as GALA stays within the boundaries of the green range highlighted on the chart, the potential targets shown remain in play. Each target is clearly defined, and price movement towards these points is anticipated, as outlined in the image. However, if the price closes a daily candle beneath the specified invalidation level, this would invalidate the current analysis, signaling that the diametric pattern may no longer be in effect. To manage risk effectively, it’s essential to employ sound capital management strategies. Set your stop loss appropriately and be mindful of your exposure. As we approach the first target, it’s wise to lock in some profits. At this point, adjust your stop loss to the entry price to secure gains and minimize potential losses. Feel free to ask any questions in the comments if something is unclear or if you'd like further clarification. Thank you for your time and attention, and as always, trade wisely!"
Long
by lonelyPlayer0
GALA short term outlookGALA pushing up in this ascending wedge. Looks to be reaching a point where it should lose momentum and retrace a bit. Potential to take some profits if in a long trade here and add on should price retrace a bit. Key areas will be when price returns to key support areas around midchannel and at the lower bounds of the channel. Potential long entry around 0.01844 area with invalidation at previous low (0.01358). Bullish scenario could be if price were to get above the current resistance and flip to support.
Long
by jod45m
3
GALA is bullish (1D)From where we placed the red arrow on the chart, it seems that the GALA pattern has started. The pattern seems to be a diametric, now it looks like GALA is going to complete the E wave of this diametric. It can go to the targets on the picture while maintaining the green range. The targets are listed on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark