GALA: Channel Breakout to Golden Zone - 40% Upside TargetHere's a professional TradingView analysis for GALA/USDT:
Technical Analysis:
Key Levels:
🎯 Entry: 0.035 USDT
🎯 Target (TP): 0.050 USDT (+40%)
📊 Current Price: 0.035 USDT
📈 Volume: 90.38M
Pattern Structure:
• Trading within descending channel
• Double resistance confluence at target zone
• Channel breakout setup forming
Trade Setup:
1. Entry Setup:
- Entry at 0.0356
- Clear channel breakout formation
- Volume accumulation phase
2. Target Analysis:
- Primary target: 0.05
- Confluence with major resistance
- Potential 40% return from entry
3. Key Technical Factors:
- Descending channel boundaries clearly defined
- Wave pattern projecting upward movement
- Multiple timeframe confluence (4H chart)
Risk Management:
• Set stops below recent lows
• Risk:Reward ratio approximately 1:4
• Consider scaling in at entry zone
Timeframe:
• Chart: 4H BINANCE
• Target Timeline: Early January 2025
Note: This is technical analysis only. Always manage risk appropriately and DYOR.
#GALA #USDT #Crypto #TechnicalAnalysis #Trading
Eth-ath!
Let's go for ATH...hello guys
This coin was in a correction phase for a long time after an incredible jump, and with the growth of the market, the correction ended and started to climb with a ceiling and successive claps...
Now we expect ATH from it because its trend is well rounded and the currency itself has a high growth potential, so you can buy one step according to the start of growth and buy again if it corrects.
Give us energy with likes and comments.
good luck
02/12/24 Weekly outlookLast weeks high: $98,894.77
Last weeks low: $90,786.17
Midpoint: 94,840.47
Last week was all about altcoins as Bitcoin takes a backseat after a the "Trump pump" rally. Consolidating just under the $100K big even level has seen rotation into Ethereum finally and more surprisingly dino-coins such as XRP, LTC and more.
XRP has rallied to ATH (+300%) in less that 1 month, the news that Gary Gensler will be stepping down and with that the SEC's tirade on Ripple. The momentum and talk of the space is with XRP for now as it overtakes the Mcap of Tether to go 3rd! This comes at a time where typically BTC profits rotate into ETH and yet a lot of the capital has gone into XRP instead and so Ethereum is still way behind, BTC, SOL, XRP are all at ATH.
With the new month beginning we typically see a shaky start to the month, especially after such a strong close. The fear and greed index for BTC is @ 80, that's down from 94 in the week previous (mid November). The drop off is also evident in the BTC.D dropping 3% as alts move up.
This week I'm focused on where we are in the cycle, many alts are climbing and of course the $100K event for BTC. I believe we are not anywhere near the cycle top, any on-chain indicator would support that but that does not necessarily mean we aren't close to a local top. A strong bearish divergence has emerged on the weekly and that is cause for concern, overbought RSI high fear and greed and euphoric sentiment on the TL. Any new longs are extremely risky for now (LTF not HTF) without any fresh bullish news events. Price currently at midpoint, hard to tell how deep the monthly open sell-off will be, a quick wick with fast recovery will be bullish but a slow bleed would be more worrisome.
Antusdt %50 just less than one week go to the Moon 🌕🌕🌕🌕Ant have big potancial
7 USDT short term target 🎯🎯🎯
Time to buy again and wait.
Good luck 😃🤞😃🤞
Ethereum Approaches All-Time HighETHUSD
Bullish Scenario
I think If buyers manage to overcome this severe upward constraint, they could move up to the 5120-barrier. The break above this level would boost buyers' confidence to push towards the 5280 and 5450 handles. If the bulls succeed in overcoming these obstacles, their focus will shift to the resistance zone of the 5800-mark.
On the downside, Ethereum would seek immediate support around the key psychological barrier at 4500 near the 20-day simple moving average if selling pressures return. Should these barriers fail to dismiss a more profound decline from evolving, sellers may drive the price to test the November low at the 3915-mark. Breaking below this crucial support could turn the market bearish towards the 3668-handle and 100-day EMA.
Do you think we will break $5k this December?
BTC Futures Open Interest has now broken its All-Time HighBinance BTC Futures Open Interest has now broken its All-Time High, meaning buying intentions are higher than ever and those who do not already have Bitcoin exposure yet, are merely waiting for a price ATH breakout before doing so.
⚠️Not a guarantee of when, but we’re getting near.
OMG vs ETHas I expected, the price of ETH reached 4400.
I expected it, I did the math to "calculate" it.
it is in my idea related linked below this one, check it out.
about this one...
IMO OMG could reach 80 USD.
so, If you DO NOT know what to do or expect from ETH now, you should consider checking all the other ideas I had about cryptos and consider switching to one of them that haven't yet seen the rise to +200% from their ATH in 2017
i CAN NOT assure you specifically this one will reach 80, neither it will stay on the green channel, neither holding this when seeing -40% (it could, it's crypto volatility :D), tho, as I said in a previous analysis,
i have put the STOP LOSS AT 6.5 USD (considering my entry point at 11 USD, its almost -50%)
in the end, trade, do it, but with something you can afford to lose.
AND... pls: use stop loss. in the crypto's world prices can rocket down as fast as they rocket up.
STILL LONG TO ATH ETH has done both parts of my prevoious scenario.
1560 has been retested and now we can see straight movement to ATH.
Please, pay attention, that 4h candles close above lvl and only after that movement to next lvl is able.
I am sure, that closing 4h >2037 will give a great opportunity for long to 2400.
i am expecting my stop order at 1995.
Also i think i will try 2 or 3 times, because on that lvl it shoul be hot and risky.
Historic ETH success! What's next?Yesterday we experienced history as ETH hit an all-time high! It was not a clean slate cut - before ETH could even breach 1500 mark, it was heavily shorted and had to go up and down around 9 or 10 times before it hit 1502. Once resistance was broken, ETH took off! Across multiple platforms, you could see ETH frenzy. Many were celebrating and many were crying. We are also seeing a new pattern in the crypto market. Instead of reaching ATH and going down with a large dump, ETH wabbled a little and then the short squeeze kicked in. Gut feeling says that someone just accidentally stumbled into "holy sh*t have you seen shorts books* and instead of dumping, pumped ETH a little more!
So what does that mean for today? Will it go up? Will it go down? Sideways all around? Track whales and you will find your answer!
Today's technicals: Position should be Long (Eye of the storm, be vigilant Short and Long as per your better judgement). Forecasted hights 1600 with no hard ceiling. Forecasted lows 1520 with potential to implode if you all of the sudden start seeing large red candles!
Have fun and keep that volatility rising! 💸💸💸
ETHUSD NEW ATH TARGETETHUSD we have seen a great push up along side bitcoin.
One doing well helps push the other crypto currency forward.
Anyway a break of ATH which I am anticipating to happen we should see ETH go to target price of 2065.
Waiting on confirmation of break before entering trade personally thanks.
11800 GAP closed, now we face a small pull back for continuationBTC is on a Long uptrend since when it broke the 20k resistance Line,
we also just closed the GAP at 11800, and we are probably facing a pull back, some say we close another GAP around 9.5k, who knows.
I think we will hover over the new support from the 20K for now on.
Also Fear/Greed Index above 70 is not a good sign, in the short term we re definitely facing a pull back that is GOOD for BTC run.
Have a good one guys, and leave your thoughts.