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Gala

Gala Update: Wave A Complete, Wave B in PlayThis analysis is subject to pricing holding support at $0.03441. Wave A Analysis I believe we have completed Wave A of an A-B-C corrective structure, with us hitting 2 price targets in my previous idea. Wave A consists of 5 impulsive waves, as mapped out above, and has landed in a key reversal zone — specifically between the 0.618 and 0.65 Fibonacci levels. This is a significant area where price historically tends to bounce. Additionally, Wave A ended with a swing failure pattern (SFP), which often signals a potential reversal to the upside. However, it is critical that $0.03441 holds, as this has proven to be a significant level of support in the past. Wave B Analysis At this point, I am uncertain about the exact corrective structure of Wave B. For now, I am assuming a standard Zig-Zag Correction until proven otherwise. Wave B usually retraces to the 0.50 Fibonacci level, with a target price of $0.03866. This level has strong confluence for several reasons: It aligns with a previous point of control. Just above it sits Weekly Resistance at $0.03944, which will likely serve as a significant barrier. The EMAs in this range could converge to form a strong resistance zone, potentially marking the end of Wave B and setting the stage for Wave C. Wave C Analysis Looking ahead, my target for this correction remains, targeting the 0.786 Fibonacci level at $0.02794. If you refer to the Weekly chart an text book A-B-C correction down to this level seems quite obvious, with Wave C forming a lower-low from Wave A on a higher time frame. In addition to the above considering the depth of Wave A, a retracement to 0.786 fib level seems plausible. Furthermore, I anticipate Bitcoin revisiting prices below GETTEX:87K which will likely be the catalyst for dragging Gala down to the lower levels. Bitcoin dominance remains stubbornly high, I would hope to see this fall off a cliff soon as all the metrics are lining up for Altcoin Season except for Bitcoin Dominance. These broader market metrics strengthen the case for Wave C to reach the $0.02794 target.
Long
by heywippa
16
Gala's Beautiful Correction-How Deep Will We Go (WXYXZ Update)What a beautiful correction this has been! Since December 8th, I’ve been closely tracking and capitalizing on this move, and for the most part, my predictions have played out as anticipated. If you’ve been following along, I hope you’ve enjoyed the charting and analysis. Currently, the Z wave is unfolding as hoped. This is an ABC correction, and I’m leaning toward the idea that it will follow a straightforward Zig-Zag Correction pattern. Here are my price targets: Target 1: $0.03527 — Middle of the CC Fib Range. Target 2: $0.03203 — Support at the 200-Day EMA on the daily chart. Target 3: $0.02794 — 0.786 Fib Level. Why Are These Targets Realistic? Bitcoin’s Continued Correction: Bitcoin’s 4-hour candle has closed below the 200-Day EMA, which adds confidence that Target 1 will be reached. Wave Z in Progress: If my labeling is correct, we are now in Wave C, the final wave of this correction. Wave C consists of five impulses, as illustrated previously with Wave W shown above. It looks like Impulse 1 could take us to Target 1, leaving room for the price to reach Targets 2 and 3 thereafter. Bearish Daily Momentum: The daily Stochastic RSI remains bearish. Until this momentum indicator on the daily timeframe shifts down further, my bias remains bearish, supporting the potential for lower price levels. Why This Could Be the Final Drop This correction is likely the last opportunity to secure great prices for most altcoins, including Gala. Even if you were to enter now, it’s still a favorable range in my view I wouldn't worry to much about getting the bottom. I’ve been patiently waiting for the Weekly Stochastic RSI to cross bullish, which should happen soon — a major bullish signal for me. For now, I’m keeping an eye on the Daily Stochastic RSI, waiting for it to lose more steam and head toward the oversold region. That’s where I’ll be looking for a solid entry point. I don't think this will be a long correction I think it will be over by the weekly candle close. Final Thoughts Everything I want to see is aligning for altcoin season, except for Bitcoin Dominance. This is the only metric that isn't dropping, which is bugging me to no end. However, No matter where you choose to enter, I believe any position here is a strong one. Patience and preparation will pay off as this correction concludes and sets the stage for the next bullish move.
Short
by heywippa
4
GALA: Hyper-Bullish Breakout!Have you noticed GALA’s impressive surge lately? The recent breakout from the resistance zone (Green) at $0.04032 - $0.04144 is signaling that momentum is rapidly increasing, with the next critical level just ahead. The question remains: Will GALA settle for a bullish trend, or are we on the brink of a hyper-bullish surge? Let’s explore further! GALA has not only moved beyond the resistance zone (Green) at $0.04032 - $0.04144 but has also reclaimed a significant structural level that has previously served as both support and resistance. With prices now above this level, bulls have laid a strong foundation for future growth. Currently, GALAUSDT is testing a descending trend line, which it has been below since early December. This is a crucial area to monitor! A breakout above this trend line could lead to a series of breakouts, often indicating significant bullish strength on the horizon. If the bulls manage to overcome this trend line, it could be a game-changer. Upon clearing the resistance, GALA is likely to target the next resistance zone (Pink) at $0.05271 - $0.05413. However, if the momentum remains strong, we might see GALA push even higher towards the next resistance zone (Blue) at $0.06288 - $0.06483, which is often associated with considerable profit-taking. Traders should exercise caution at this level, as it has historically attracted sellers.
Long
by TheCryptoCity
GALA Bulls Must Watch This Level—A Major Move Is Coming!Yello, Paradisers! Have you been watching #GALA’s explosive move? The recent breakout from the ascending triangle pattern is sending a clear message—momentum is heating up fast, and the next pivotal level is right around the corner. But will GALA stop at just being bullish, or are we about to see it shift into hyper-bullish territory? Let’s dive in! 💎#GALAUSDT is now heading straight for a critical descending resistance zone around $0.04600. This is the level to watch! A breakout above $0.04600 would trigger a breakout after breakout setup—something that often signals major bullish strength ahead. If the bulls can smash through this level, it’s a game-changer. 💎GALA will likely be targeting $0.054 to $0.056 after clearing the resistance. But if the momentum stays intact, expect GALA to make a run higher for $0.06660, where we see the next big cluster of profit-taking. The $0.06660 to $0.07000 zone is where traders should be cautious, as this level historically brings out sellers. 💎Not only has GALA broken above its pattern, but it’s also reclaimed a major structural level between $0.0395 and $0.0410—a key zone that has acted as both support and resistance in the past. With price now holding above this level, bulls have established a solid base to build on. Below this, we see a layer of ascending and horizontal support, giving GALA strong protection on the downside. Paradisers, this setup is looking very promising—but don’t forget, discipline and patience are key in this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Market Remains Ambiguous: Gala Looks Good To Go. But is it?Before diving into Gala's current movement, it’s crucial to establish this foundational point: Wave 3 is only confirmed when the price breaks the high of Wave 1, which is $0.06667. Until that milestone is reached, any analysis remains speculative. Previous Analysis Recap In an earlier idea, we tracked a WXY correction with the Y wave targeting $0.02761 (0.786 Fibonacci level). However, after the Y wave played out for a few days, it became clear that we were correcting within a descending triangle. This pattern suggested the possibility of price movement in either direction. While I anticipated a downward movement for Bitcoin and Gala, I was also prepared for an upward bounce. Why I Anticipated a Downward Move? Bitcoin's Unfinished Correction: In my Bitcoin analysis, I noted that Bitcoin likely hasn’t completed its full correction. During the last bull run, Bitcoin Dominance collapsed during Wave 4 corrections, paving the way for altcoin season. That hasn’t occurred yet, as Bitcoin Dominance remains high. A further price drop would align with the completion of this correction. Shorter Corrections Are Unlikely: Historically, Bitcoin’s Wave 4 corrections have been deeper and longer, lasting around three months in the previous cycle. At present, Bitcoin’s correction is only 3.5 weeks in, suggesting more time may be required. Current Developments Instead of a deeper correction, Gala’s price bounced upward, potentially extending the overall corrective phase. While this could lead to further upward movement, it doesn’t entirely rule out the possibility of additional downside later. Momentum Indicators Turn Positive: Gala has already undergone a significant correction, nearly reaching the 0.786 Fibonacci level. Daily RSI indicators suggest there is enough momentum for the price to climb higher - A potential X wave could target $0.04407. Future Scenarios: I am open to this being Wave 3, but I am also open to this correction extending to a WXYXZ correction (they can go on forever technically). I can't predict where the X wave will end, and how deep the Z correction will be until X is complete. However, for Wave 3 confirmation, Gala must surpass $0.06667. It’s worth noting that the X wave could climb as high as $0.06600 and still remain part of a corrective structure. Perspective and Patience This analysis serves as a reminder to maintain perspective. While the allure of immediate resolution is tempting, markets often operate on longer timeframes. Bitcoin’s current correction phase is relatively young compared to historical patterns, and this may apply to Gala as well. Final Thoughts At this stage, the market remains ambiguous, and interpretations may evolve as new data emerges. The charts provide valuable insights, but certainty is only achieved in hindsight. For now, tracking key levels will be critical to understanding Gala’s next significant move. Stay flexible and prepared for either scenario as the market unfolds.
by heywippa
1
#GALA (SPOT) IN (0.025- 0.036) T.(0.24) SL(0.024)BINANCE:GALAUSDT #GALA / USDT Entry (0.02500- 0.03600) SL 1D close below 0.02400 T1 0.09900 T2 0.15000 T3 0.18000 T4 0.24000 3 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #GALA
Long
by Crypto_alphabit
5
Is GALAUSDT Setting Up for a Bullish Breakout?Yello, Paradisers! Are we on the brink of a major bullish move for GALAUSDT, or is more downside on the horizon? Let’s dive into the latest analysis to help you prepare for what’s coming. 💎GALAUSDT has been consolidating in a descending channel, signaling a healthy retracement. This structure increases the probability of a bullish reversal—if key conditions are met. 💎If the price triggers an inducement and begins forming bullish patterns—such as a bullish I-CHoCH, W pattern, or inverse head-and-shoulders—at the key support zone, the likelihood of a strong upward move will significantly increase. 💎In the case of deeper retracement, we’ll look for a bounce off the strong support zone. However, confirmation is key. Keep an eye on patterns like the bullish I-CHoCH, W formation, or inverse head-and-shoulders to validate the bullish case. 💎If GALAUSDT breaks down and closes a candle below the strong support zone, the bullish outlook will be invalidated. In this scenario, patience will be critical—it’s better to wait for more favorable price action to form before making a move. 💎Discipline and risk management are essential in navigating markets like this. Remember, Paradisers, trading isn’t about predicting—it’s about reacting smartly to what the market shows us. 🎖Play it smart, stay patient, and wait for the best opportunities. Success in crypto is a long game, not a quick sprint! Stay disciplined, and you’ll already be ahead of the majority. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
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
Long
by Supachai-Taechapisit
Gala Weekly Chart IdeaGala had a large break out after a cup shaped accumulation period. The price has since pullled back the .5 fibonacci level. This level lines up with the neck line of the cup and accumulation period. We have a potential for a reversal to touch the top of a rising trend line sometime around january. my target is around 10 cents. this lines up with the resistance and the 1.786 extension. Ill be looking for a candle close above the .5 fib level. Stop loss will be around .038. Not financial advice. Do your own DD. Thanks for viewing the idea.
BINANCE:GALAUSDLong
by BallsOfSteel32
Razor's Edge GalaHello guys This coin is in a range of almost 300%. Due to its sharp movement to the ceiling of the range, we saw a small correction. Now, if it can break its suffering from this point, it can be validly bought in case of failure, but according to the market conditions and the conditions of this currency, we expect it to make further corrections and we can buy a step. The first step is the half-fibonacci point and the second step is the drawn support. If you like this analysis, I will be happy to give us energy with your support.
Long
by TheHunters_Company
2
GALAUSD This pull-back is a great buy opportunity.Gala (GALAUSD) gave us an excellent buy signal on our previous call (August 23, see chart below) as after some consolidation, it rebounded aggressively to its 0.786 Fibonacci and hit our 0.0600 Target: This week's pull-back may be aggressive but so far is only a technical correction towards the 1D MA50 (blue trend-line). Its recent Golden Cross with the 1D MA200 (orange trend-line) on November 30, is the first such formation in 1 whole year (last one on December 05 2023). As you can see, the two fractals are not identical but share certain symmetric similarities (also on CCI terms), so it is possible for this pull-back to reach as low as the 0.5 Fibonacci retracement level and then rebound. Even though the March 10 2024 High was priced on the 1.786 Fibonacci extension, our next Target should be within the 1-year Channel Up (until broken), so we will be aiming for 0.11500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:GALAUSDLong
by TradingShot
2