GALAUSDT trade ideas
GALAUSDT might moon very soonSo far so good. We can see some bullish consolidation at 0.0427 — 0.0428 and now keep going straight up.
Breaking a large fractal of 0.0558 will affect up movement to lead us in the area of 0.0728
Anyway, the market decides. But after we reach 0.0728 there is a very powerful resistance and we should be very patient at this point.
If we break 0.0728 next station is 0.09
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.
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
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.