GALA.Usdt (Y22.P1.E1).When to shortHi All,
Like most charts now, its difficult to find an entry.
We have a 50/50 chance to go either way, just like BTC .
If it breaks below, then its worth the trade and have a tight stop loss as it could be a fake out.
Just depends how it does it.
The structure is like a reversal but one can't be sure of anything when it comes to these formations.
I did miss that move to the upside as I wasn't watching it when that hour was needed.
All the best,
S.SAri
Gala
GALAGALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit.
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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GALA/USDT SCALP TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this GALA/USDT SCALP setup. GALA looks good here.
Breaking out from a triangle and retesting are also done. Buy some here and add more in dips.
Entry range:- $0.21-$0.217
Target10-15%
SL:- $0.204
Lev:- 10x
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GALA at the apex of the bigger Symmetrical triangle Here's a quick look at GALA 12 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to either sides soon. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle (Approx. 0.232$) with good amount of volume .
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The idea is: Buy when the price breaks above the symmetrical triangle (Approx. 0.232$) and take profits at the levels shown in the chart.
Targets:
1. 0.29$
2. 0.35$
3. 0.4$
4. 0.475$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
GALAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has hit the resistance line several times and was rejected. If the price is rejected again, it will fall down to the support zone. If the resistance line is broken, the price can go up to its next resistance zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
GALA to make full recoveryI expect GALA to either continue correcting towards 0.15-0.16 and create an upwards momentum or if BTC doesn't go down more from it's current level then a quick recovery is in the works. I believe this coin is very undervalued at the moment. DCA down for spot hodling or watch for confirmed break out when trading.
Remember this is my on personal view and analysis. Rely on your own research before taking any trades.
GALA - can follow this buying timingBYBIT:GALAUSDT
1H trend chart
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GALA is consolidating and accumulating right now.
And there is a downtrend keeps resisting the price.
So if GALA can break out the downtrend line, we can open long and trading strategy as below.
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Profit Targets:
a) 0.27457----Fib(1)
b) 0.29703~0.30611----Fib(1.272~1.382)
c) 0.32559----Fib(1.618)
Stop losses:
a) Depend on the pattern
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Will Gala break 0.35?20th - 21st of Feb saw the "death cross" with the 50 EMA and 100 EMA crossing under the 200 EMA line.
A falling wedge pattern at the base of the decending channel also suggests that a reversal may occur in the next week.
If we can close a daily candle above 0.350 then 0.468 and 0.54 are my next targets.
RSI at 53
GALA - It's Official. Bulls Have Stepped In!We have a really nice Elliot Wave schematic playing out for Gala. We started the Bull Run Mid January when we completed the ABC correction. We are now seeing a 5 wave impulse higher and currently in wave 3.
Trade Idea:
- Possible entry now with stops below the recent lows
- Targets: 0.545, 0.82, actively manage the rest
Goodluck!
GALAUSDT 1D TA : Important Support ZoneIn daily timeframe, it has a good reaction on the important support zone, and if this trend line and support is not broken, it can move upwards, and if the second trend line breaks, it can start Bullish.
Its not Buy or Sell SIGNAL
DYOR
BY: Mohamad Teriz - @AtonicShark
GALA Bullish Bat PatternGALA is in process of making bullish BAT pattern on 6H, Harmonic pattern charts are mostly self-explanatory. Take this trade with 3 to 5% capital upon completion of this pattern. Its also possible that this pattern won't complete so in case of this, Buy 25% now, 25% at $0.218 and remaining 50% at the entry price of harmonic. Good luck.
GALA , Short it 🔺All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #GALAUSDT ( Gala Games )
💹 Time Frame : Daily
👤 Saeid.Mahbob
📅 16.Feb.22
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