GALAUSDT- In a Bearish TrendGALAUSDT is making a bearish trend as it is printing LHs and LLs. The trend is also confirmed by the trend line and RSI indicator. So took the smart entry by using Fib Tool.
GALAUSDT trade ideas
GALAUSDT is BearishGALAUSDT is in a strong bullish momentum but it seems like the run is loosing steam and the bearish divergence on RSI at 4H time frame is an indication that a dump is on the horizon.
GALA/Usdt. Intraday signalsYuuuppp traders. I hope you have a good day
It's my gala chart as you see price creates upward wedge. If buyers come to this level maybe
price bounces up till next level that shown for you
2 path are considrable in my opinion guys. Please bcareful about your trades my fellas
Don't fomo for making fast money
Gala weekly chartThe gala weekly chart looks fairly bullish to me. I drew a fib retracement from the most recent macro swing high and the token has been ranging within the first fib level for months. The first and second attempt at the red fib have failed. The RSI has broken out of a macro downtrend and the EMAs are beginning to curve upward. Volume shows a macro uptrend as well. Gala tends to front run gaming hype but provide less multiples during bullish trends. I would say it goes for the green fib in the next month or two if this gaming hype remains. I do not own any Gala as I believe there are better lower market cap opportunities out there.
🌟🔍GALA's Remarkable Recovery 🚀💡
💹 GALA's Impressive Price Increase: Since the 98% drop from 2021, GALA has remarkably rebounded, gaining nearly 120% from its support at $0.01271.
🤝 Team Issues and Strong Comeback: After some internal issues among the GALA team, including disagreements between the CEO and founders/co-founders, the coin has made a notable comeback.
🔒 Current Resistance Challenge: GALA is currently facing a significant resistance at $0.02816.
📊 Rising Wedge in Daily Timeframe: The coin is in a rising wedge pattern, which is typically risky for continuation. If this pattern breaks down, there's a potential for a 33% drop to $0.01742, though this scenario seems less likely.
👀 Watching Bitcoin's Move: The next steps depend on Bitcoin’s reaction to its support at $36,358. A break below this level could lead to a decline to $32,800.
📉 Potential Impact on GALA: If Bitcoin loses its support, GALA may break its wedge pattern and experience a sharp decline.
🚀 Bullish Scenario for GALA: If Bitcoin holds its support and moves towards its high, and simultaneously Bitcoin dominance fluctuates or drops, GALA could be one of the best coins to buy.
🛒 Buying Strategy: Consider buying GALA after it breaks the $0.02816 resistance, especially for long-term holdings. Don't use a tight stop loss for long-term trades. For a safer entry, consider entering after it surpasses $0.03135.
👁️ Volume Importance: Pay attention to the volume to confirm the trend.
🔑 Related Categories:
Pattern Analysis
Resistance and Support
Volume Analysis
📣 What’s your take on GALA's future? Share your insights! 🌐💬 #GALAToken #CryptoInsights #TradeCityPro
📚 Remember: Cryptocurrency markets are volatile. Always conduct thorough research before investing! 📈🔎
$gala longi am longing BINANCE:GALAUSDT on a wider time frame, based on volume picking up and thinking of an reversal of the big downtrend it had.
its a bit early, but pushing trough 0.027-0.028 should make it run.
trying to sell like 20-30% of it at first bigger resistance at 0.044 and let the rest ride risk free.
let's see
Gala looking very bullish!Gala is looking for new highs.
Above the 4hr support, and breaking out!!
TP around 0.031
Gala (GALAUSDT) Analysis: Gaming Sector Poised for Upside Move!Exciting times ahead for Gala (GALAUSDT) as the gaming narrative gains momentum and GALA positions for a potential breakout.
Key Points:
Technical Setup: GALA has been under close observation, particularly as it approaches a critical juncture. It's currently in proximity to the daily descending resistance line dating back to May 2022.
Resistance Challenges: Overhead, substantial resistance looms. GALA faces the dual challenge of breaching the daily resistance line and surpassing the $0.026 - $0.028 resistance area. A successful move beyond this region could pave the way for further upward momentum.
Next Resistance Zones: Once past the initial resistance, the next areas to watch are $0.035 - $0.038. These levels could become key battlegrounds as GALA aims higher.
Support Levels: It's crucial to monitor the support levels. The current support at $0.024 is pivotal. If this level doesn't hold, the next support sits at the bottom of the range around $0.02.
Investor Caution:
Given the potential for significant price movements, traders are advised to exercise caution and closely monitor GALA's price action. Breakouts and breakdowns from key levels will provide valuable insights into the coin's next directional move.
#GALAUSDT #LQR #TOBTC #LaqiraProtocolThe price has been supported in the bottom of the support channel. In case of a correction move to the Middleline Level and after confirmation, you can look for reasons to enter the trade according to your strategy, and in case of a strong channel failure and confirmation, you can open a sell position This analysis is a personal view and the offer is not buy or sell
GALA to $2One of the best coins if you want exposure to crypto gaming. I believe this coming cycle GALA will break it prior ATH and go into price discovery
GALAUSDT is BullishGALAUSDT is in strong bullish momentum, and the rally is on track to print new higher highs in coming days.
GALAUSDT.PHello Trader BINANCE:GALAUSDT.P
can be seen carefully if you pay attention to the chart tends to weaken because for a healthy market it can experience a periodic decline and the resistance point is valid for breakdown.
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
GALA to 0.027 - 0.28 Hello traders,
Honestly this was a trade that I should have published earlier but I was trapped on it
Seems like gala was forming micro inverse head and shoulder pattern on 15m-30m frame
Target of the pattern is at 0.027$
A strong resistance lies at 0.02828$
Notice that btc isn't stable this time, so please take care, market is not stable enough to reach the target but hopefully it well so you have to use stoploss
Stoploss can lie under the neckline or the previous swing low at .02385
Wish you a good day
$GALA breaking outLooking good for break out the bull flag. Need a break out candle to follow buy, otherwise buy on dip at EMA200 H4.
GALA (GALAUSDT)Keeping a close eye on #GALA. Currently at descending resistance line and $0.02550 - $0.02750 resistance area. A breakthrough may push price to $0.035 - $0.0385. If rejected, next support at $0.02060 - $0.022, at the daily 200 Moving Average (MA). Stay tuned for updates! 📊💹
#CryptoMarketWatch 🚀✨
🎮 GALA: Navigating the Reversal Play 🚀In the ever-evolving world of crypto, GALA has caught the attention of traders with its intriguing price action. Despite a decline since 2021, the coin has shown resilience, leaving substantial liquidity overhead. The recent price move, executing a drop beneath the global pivot level and forming a double bottom, signals a robust reversal pattern. Buckle up as GALA gears up for a potential upswing.
Chart Analysis: GALA's Double Bottom Drama
GALA's chart reveals a compelling narrative — a sustained drop since 2021 followed by a decisive move below the global pivot level. However, what captured the attention of seasoned traders is the formation of a double bottom pattern beneath this critical level. This reversal pattern is often a precursor to a bullish turnaround, indicating a shift in market sentiment.
Technical Indicators: Reversal Signals in GALA
Key technical indicators, including the strong bounce off the double bottom and the historical liquidity left above, are aligning to create a potential reversal scenario. The double bottom acts as a psychological support level, and combined with the retained liquidity, it sets the stage for a bullish resurgence.
Trading Strategy: Riding the GALA Reversal Wave
For traders eyeing GALA, the double bottom presents an opportunity for strategic entries. Monitoring the reaction around the historical liquidity zone and gauging the strength of the reversal will be crucial. A well-planned trading strategy considering these factors could position traders favorably for the potential bullish wave.
Conclusion: GALA's Play for Redemption
As GALA maneuvers through its recent price action, the formation of a double bottom speaks volumes about the coin's resilience. The retained liquidity above the global pivot level adds another layer of intrigue, hinting at a potential redemption play for GALA. Traders and enthusiasts alike are now watching closely as GALA readies itself for a potential reversal.
🚀 GALA Analysis | 📉 Reversal Patterns | 💡 Trading Insights
❗See related ideas below❗
Are you gearing up for the GALA reversal play? Share your insights 💚🌐💚
Gala Games possible 130% move?KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.
XRP trade just hit our first target after breakout, 22% move.
And DYDX to stop loss, if you are intested about a losing trade and how to take a loss
My plan for Gala. I hope the most of you made nice profits on this leg up. I still think it will go down one last time. If it does then im all in. If not, then ill focus on other coins. Lets see what the marked does amigos.
$GALA breakoutLog scale - overlapping Fib retrace from ATH/ATL and 2023 wave @ 0.06 to ATL - confluence resistance levels appear at;
R1: $0.034 (0.618 + 0.236 retrace levels + alternated support at $0.033 from March 23)
R2: $0.062 (1 + 0.38 retrace levels + price resistance at 0.062 from Jan 2023)
R3: $0.166 (1.618 + 0.618 retrace levels + alternated support from Jan 2022)
Massive Triangle formation that has broken since November.
GALA/USDTGALA Usdt has entered the range move. It broke 0.021 resistance with good volume. If the market pulls back will pick it up in support, if the resistance is broken with good volume will add more.
SUPPORT CHANNEL FOR BULL-RUNENTRY FOR BULL-RUN
This chart tells me that we have a great climb ahead of us in the next two months
Short to mid term $gala prediction ====> 35%+ possibleLooks like trignage breakout already large happen on daily time frame and retested .One of the strongest confirmations but it is not without the risk. Gala is long due for relief rally. We may see quick rally towards $0.02 region which is roughly %35 gains! I will update this chart as we move along.
