Gala
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.
GALAUADT 4h
Let's take a look at the GALA/USDT pair. This coin is putting on a show in graphical analysis. Notice that after that high in the first week of January, it formed a nice smooth bullish trough currently it has reached another support zone of that trough. We have two possible moves here.
First: The continuation of this channel, GALA could go up to 0.0527 and pull back up
Second: Rejection and retreat from Channel , for a downward movement towards .
The prognosis is favorable, as it is one of the main coins of the metaverse.
Here are the supports and resistances in the 4H:
Main support levels : 0.05393 / 0.04726 / 0.04205
Main Resistance Levels : 0.05962 / 0.06873
I'm not a financial consultant. The content I share on this site is for educational purposes and is my own personal opinion.
Will gala break up from its current bear flag?We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether or not the descending channel wins the dominance battle and it breaks upward or the bearish flag maintains dominance and the pattern breaks downward. If this flag were to break upward instead of downward, the question then becomes will it break upward and then head the entire measured move of the flag but in the bullish direction? Or will it simply just head to the smaller target of the descending channel itself. It’s hard to say but just in case I have put both potential bullish targets on the chart. One other thing it could do is reach the bullish breakout target of the channel and then pull a 180 and still break down below the flag and head to the bearish breakdown measured move target of the flag even after reaching the channels bullish breakout target. Seeing as how the rest of the crypto market recently has begun to see bearish momentum dwindling, I think the bullish outcome has slightly more probability at the moment. Also the measured move for the bear flag breakdown would be negative 20 cents….typical negative targets are a clue that the bullish direction is more likely….always possible for a breakdown to happen at the end of bearish momentum that doesnt hit 100% of its target though. If we take a look at the current volume candle, it is the highest weekly volume candle on this charts history and it happened during a bullish impulse…which is yet more bullish confluence here to suggest a break up from this bear flag is very feasible. *not financial advice*
Gala To $0.058 Cents Again In The RageGala has been having tons of volatility and as of right now we're at the bottom of this channel on the 30 minute time fame. Mostly everything has taken a slight dip this morning. The short term trend is still bullish and I believe given the volatility we should see a revisit to the point of control on this range which is at around $0.058 cents. The 30 minute MACD is looking like it's setting up for a bullish divergence as well. The $0.06 cents area has been given Gala a lot of resistance so be mindful of that. Remember this is very short term much peace, love, health, and wealth!
Target: $0.058 Cents
Stop Loss: $0.055 Cents
MOST ppl MISSED crypto pump, BULL keeps on these should moveCan only post 1 chart, sorry
This is copy paste
See our profile, pls
Small🧵
MOST ppl MISSED #crypto pump
Should've followed us😉
Called 1st pump & last few runs
IF in BULL MKT what can pump close to 10x?
Using previous tops & projects that have interest still
Already in some & up
NOT RECOMMENDATIONS
$MKR
$FARM
$MLN
$CEEK #CEEK
-
2
MOST ppl MISSED #crypto pump
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These could do more than 10x:
$SFUND
$GALA
$JASMY
$ILV
-
3
MOST ppl MISSED #crypto pump
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These could do more than 10x:
$AXS
$PYR
$ALICE
$FLOW
Bonus $UFO (previous trade = free position)
$YGG $GODS $THETA $NTVRK $LOOKS $ONE
-
4
Girls in bed💤, have few more minutes
MOST ppl MISSED #crypto pump
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These could do close to or more than 10x:
$PLA
$RACA
$SOL
$MOVR
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5
MOST ppl MISSED #crypto pump
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These could do close to or more than 10x:
$DOGE - likely break ath
These are #p2e #metaverse #nft
$MC
$ENJ
$WAXP
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6
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These could do close to or more than 10x:
$TLM - game has done very well, not pricewise, will likely take hard bull but can🚀 #p2e #metaverse
$COMP
$INJ
#DeFi
$FIL
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7
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These could do close to or more than 10x:
$SNX
$GRT
$STORJ
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8
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These could do close to or more than 10x:
$CSPR
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Next is final post and SMALLER projects
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9
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These could do close to or more than 10x & must be SMALLER projects:
$MOOV
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$OMI
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Bonus
$ATLAS $EPIK
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There's few more but stick a fork in me💤
HAVE A GREAT AND BLESSED WEEK!
GALA analysis ...Hello guys...
As you have seen over the past few weeks, the cryptocurrency market has been very bearish and no signal has been observed to change the trend. I still encourage you to short position.
here we have #gala, this cryptocurrency formed in a bearish channel and in my opinion will break main lower low (main support level).
but be aware if this channel break up top line it will be bullish for a few weeks at least.
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
GALA moved 30% today.GALA moved about 30% up today and was mentioned on the top gainers' list.
The price is inside an ascending channel, and after touching the bottom of that channel, it gets a pump and reaches the top of it.
There are three support areas on the way down and one resistance on the way up; the price will continue to increase inside this ascending channel for now.
I'll update this chart when the price comes around the solid resistance.
Do you agree with this chart? Let me know if you do, and if not, challenge it.
Thank you for your time; I hope this was helpful.
GALA Echo bubble targetsGALA, when it pops, pops extremely violently. You blink and it's done a 9x.
Now that it is over the 200ma, some very interesting things can happen. Bearish bias is wiped out, and momentum will begin to markedly shift.
I've set some targets for a potential echo bubble around .15, .19, and .29, assuming we don't see the same strength as we saw during peak bull euphoria.
There's some news about a 500M quarterly burn that could help sustain in this resistance area.
GALA - As Above So BelowGALA - As Above So Below
Gala to $.011
This would be on the level!
GALA is The Rock
GALA has got Good Vibrations
Gala it's lead to reach $0.07 centsIn this quickly analysis, it's my update of GALA that I follow in my radar in my investment, I suggested to buy this crypto before to begin to up. I expect a next price to reach around $0.074 cents approx. And we're forming a bullish ascending triangle that it's in formation right now.
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Good night!!!