GALAUSDT is BearishGALA is currently starting a bearish trend at 1H time frame, the fall out from the rising wedge fueled by bearish RSI divergence led to the formation of first lower high followed by a lower low. This could potentially be start of a bearish rally, targets are mentioned on the chart.
GALAUSDT trade ideas
GALA/USDT Bullish momentum?👀 🚀GALA Today analysis💎Paradisers , GALAUSDT is currently showcasing an intriguing bullish pattern, trading within a demand zone, which signals a strong probability of an upward movement.
💎 Historically, GALA has demonstrated a pattern of breaking above its descending trendline, followed by a successful retest and an ensuing upward trajectory. Presently, as it operates within a demand zone, the likelihood of a bullish trend is quite pronounced. This is further reinforced by the transition of supply into demand, coupled with a sweep below liquidity levels.
💎 The initial target in this bullish scenario is to overcome the resistance level at .2881. Should GALAUSDT successfully breach this barrier, it's poised to challenge a more formidable resistance level.
💎 Conversely, if it struggles to sustain its upward momentum, a strategic bullish move from the .1692 demand level might be anticipated. However, a break below this level could lead to a significant bearish downturn.
Gala "Unlocking Potential: Why It's Time to Buy Now!"**Gala Coin: A Short Fundamental Analysis**
Gala Coin (GALA) is a native token of the Gala Games ecosystem, a decentralized gaming platform powered by blockchain technology. Gala Games aims to revolutionize the gaming industry by providing players with true ownership of their in-game assets and rewards. GALA tokens are used to purchase in-game items, participate in governance, and earn rewards.
**Recent News**
* Gala Games has announced a partnership with Polygon Studios to expand its ecosystem.
* Gala Games has released a new game called Spider Tanks.
* Gala Games has launched a new marketplace called Galaverse.
**Disclaimer**
Please note that this is not financial advice. I am not a financial advisor and do not have the qualifications to provide financial advice. This information is for informational purposes only and should not be considered as an offer to sell or a solicitation of an offer to buy any security. You should always do your own research before making any investment decisions.
**Additional Information**
* Gala Coin has a total supply of 100 billion tokens.
* Gala Coin is currently trading at $0.0027 USD.
* Gala Coin is listed on several exchanges, including Uniswap and Gate.io.
I hope this information is helpful. Please let me know if you have any other questions.
#GALA/USDT#GALA
The price is trading in a large descending triangle, and the price has been affected by news on the pair in recent months.
With a strong support area, my price is 0.01300.
The price has rebounded from it, breaching the downtrend from which the price has always rebounded more than once.
The price is currently 0.01800. I expect it to continue rising to 0.04700 levels
to achieve those levels.
All this is backed by a powerful volume.
GALA/USDT It required break the resistance or rejected down ??💎 GALA has become a notable focus in the market, though it's facing challenges in surpassing the resistance area. Historical patterns show that each time GALA approaches this resistance, it faces significant rejections.
💎 If GALA manages to break through this resistance, there's a high probability of a substantial upward movement, aiming for our next targeted milestone.
💎 However, if GALA fails to breach this resistance and instead consolidates at the supply level, there's a risk of it facing another rejection and retreating towards the bullish support trendline. This trendline is pivotal; a loss here could send GALA down to the demand area.
💎 In the demand area, it's crucial for GALA to demonstrate a strong bounce back and attempt another breakout of the resistance. A lack of positive response in this zone could lead GALA to break down further, potentially descending towards a key support area.
GALA/USDT In the crucial area. Break the resistance or rejected!💎 GALA has undeniably captured significant attention in the market. Currently, facing resistance poses the necessity of breaking out to sustain the upward movement. If GALA successfully breaks out of the resistance, there's the probability for significant upward movement, reaching our target area.
💎 However, if GALA fails to break the resistance in the near future, there is a possibility that GALA will retreat and retest the demand area.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, GALA fails to maintain its position and undergoes a breakdown. In such a case, GALA may revert to a bearish movement, potentially retracing to the strong demand area.
$GALA long ideaShort term we broke out of the monthly resistance now being used as support black line.
Headin up towards the .041 zone. This is where Monthly resistance lies. My intial target.
Long Term as Bull Market continues over the next month or two...possibilty of this breaking completely out of the descending triangle pattern and hitting max force of 25cents.
GALA Games' Festive Surge: GALAUSDT LONGMy TA suggests KUCOIN:GALAUSDT , is presently breaking out for a potentially massive festive rally as we head towards Christmas.
This bullish outlook stems from the formation of two solid patterns that I have been seeing often in the Crypto markets and which have almost always preceded upward price movements. First, a cup and handle formation, with the cup fully printed on the daily time frame:
This cup has been forming over half a dozen months showing diligent accumulation by market participants. The second pattern which we can see is a falling wedge pattern which is on the 30-minute time frame and may prove to make up part of the cup's handle.
We can see in the above chart snapshot how the price broke out of the falling wedge pattern to the upside and quickly retested the most recent demand zone for what seems to be the last time.
At the time of publishing, an aggressive entry which would have been between 0.02923 and 0.02965 is already behind us. A more relaxed entry, can still be taken at current price 0.0343 with an initial profit target as shown below.
This Festive Surge comes just as the Crypto market leader BINANCE:BTCUSD yesterday successfully broke and managed to close the day above $44k to put BTC's gains at over 160% year to date!
Thanks for dropping by, hope you enjoyed this. I would love to hear your thoughts on this in the comments below. Happy Trading!
Gala's great potential to climbGala currency has a lot of potential to rise, currently the downtrend channel has been broken and the price has crossed its moving 200 with a relatively high volume in daily timeframe and the resistance of 0.028 has been broken.
After completing its 5 bearish waves, Gala has entered the upward correction wave ABC. I expect that in the first step to complete wave A, the price will rise to 161% of the previous small wave, around 0.135 . The ultimate target is the 61% Fibonachi of the previous big bearish wave (0.52$)
Of course, the future of the market is in the hands of big buyers, and this prediction will come true if the dominance of altcoins (Others.D), increases and Bitcoin does not fall sharply.
GALA Long IdeaGALA is currently getting into 3 day APEX. 3 day white 100 MA needs to hold (3 day close under white 100 could be invalidation depending on how you want to play this)
Entry: .02853 - .02760
S/L or second buy around-.02616
Ultimate stoploss for idea - .02198
**Not financial advice just sharing my ideas, happy trading!
GALAUSDT
It is possible that GALAUSD will go down in the future due to liquidity issues. This is because the GALA stablecoin is not as well-established as other stablecoins, such as USDT and USDC. As a result, it may be more difficult for GALAUSD to maintain its peg to the US dollar, which could lead to a decline in its price.
However, it is also possible that GALAUSD will be able to overcome these challenges and maintain its stability. The GALA team is working to improve the liquidity of GALAUSD, and they are also exploring partnerships with other exchanges and institutions. If they are successful in these efforts, GALAUSD could become a more widely used stablecoin, which would help to stabilize its price.
Ultimately, the future of GALAUSD will depend on the success of the GALA team in addressing the liquidity issues that the stablecoin faces. If they are able to do so, GALAUSD could become a valuable asset for the GALA ecosystem.
🎮 Gala Games (GALA) Analysis: Navigating Key Levels! 📈Gala Games (GALA) is currently positioned at a critical juncture, encountering resistance at $0.028 and facing potential support and resistance levels.
Key Points:
Resistance at $0.028: GALA is trading at $0.027, coinciding with the $0.0264 - $0.0289 resistance zone. This area has presented a challenge for the price.
Possible Retrace Scenario: There is a possibility of a small retracement, testing the next support at the bottom of the range around $0.0264.
Support Holding Potential: If the $0.0264 support level holds, it could set the stage for a potential rally to the upside.
Upside Targets: The potential upside targets include testing the $0.0289 resistance level and, if surpassed, aiming for the range of $0.035 - $0.038.
GALA - Short setup
GALA closed back in the smaller fixed range pull, now back testing the Value area high.
Ultimately aiming for the 0.75 fib, but it could very well rally up if it holds 0.5 fib(also the value area low of the larger fixed range pull) as gaming tokens usually run at a different time, separate from other narratives.
GALAUSDT UpdateIn my previous post about BINANCE:GALAUSDT , I predicted a 30% pump. I have attached that post here.
However, you can see that the price has reacted to the resistance and has not yet been able to break through it. However, GALA is still bullish for me, and there are two scenarios that could happen in this situation. This currency is waiting for the next move of BINANCE:BTCUSDT and will start its next move with Bitcoin, which can be bullish or bearish. Or, the next upward move will begin from the points I marked on the chart. Please note that there have not been such upward movements in the crypto market for several years, and many people think this is the end of the bullish market. However, anything is possible in a volatile market.
