Gala
Gala Crypto Technical Analysis Target 57Gala Crypto Technical Analysis , Target +57%
After conquering the 84-cent peak, the price correction trend reached -82% in 57 days.
Fortunately, the support band of 14 to 15 cents worked well and the price experienced a 157% increase over the last 18 days.
Currently, in the daily time frame, the price is stuck below its red Komu Cloud.
But on the other hand, its 71-day downtrend line is well broken, which is a very good sign.
Note: You can wait for the price pullback to the marked range and open a long position at 27 cents and expect a 57% profit.
Do not forget "capital management"
Do not forget "to manage risk to Reward"
Good luck and profitable
GALA Analysis As you can see I have been practicing tracing GALA for a while, I'm very bullish on GALA in the long run.
Now I must say this still could be a fake out, simply due to seeing it retrace back down on the 1-5 min TF off after breaking a major resistance level.
This is not financial advice.
Please like or dislike and comment do tell me why.
GALA new 5 CountIn the process of doing a new 5 count.
GALA is attempting to close wave 4, but it's not uncommon for it to go lower into (0.382) or (0.5) levels. If Wave 4 reaches (0.382) that'll be a textbook perfect wave.
Targets for Wave 5 are the traditional:
Wave 5 #1 = 0.618 (~0.41039) typical
Wave 5 #2 = 0.786 (~0.42523) nothing to panic about
Wave 5 #3 = 1 (~0.44412) Overextended
GALA will present some great trade opportunities in the next 2 days. A big Long of Wave 5, followed by a couple great Shorts of ABC. I'll update with targets for ABC when we're done with Wave 5.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
BINANCE:GALAUSDTPERP
FTX:GALAUSD
FTX:GALAPERP
BYBIT:GALAUSDT
OKEX:GALAUSDT
OKEX:GALAUSDTPERP
$BTC Daily TA : Bull 🟢 or Bear 🔴 ? Well Guys , as we can see the price is trying to break THE important static resistance range and its 50-day moving average (MA50D) . If the price can close above the $ 42,800 to $ 43,300 range, we can see it as a optimistic view for the market . The next important confirmation to change the trend from bearish to bullish is the record a new High above $ 44,600.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
It needs to hold its supportOn a 4-hour TF, It is now back at the $0.41 - $0.43 area support. GALA needs to hold this support. Otherwise, we will see more downward movement. The first resistance is $0.47 and $0.51 area. The major resistance is $0.58 - $0.60 area. The next support is $0.36 - $0.37 area. You can buy some GALA near the support with stop loss.
GALAOn a 4-hour timeframe, the range of 38 cents to 40 cents is a very important resistance range for GALA. According to the trading volume conditions, the probability of returning from this area is higher. Be sure to move your stoploss to the high points. If the 40 cents area is broken, we will have the opportunity to enter again.
GALA long position As I mentioned in my previous analysis ✔️
the price has started to gain and breaks the channel resistance and the purple zone to the upside 💣🐳💣
and now
we expect more gain for the price at least to 0.50 🚀
if
the price breaks the resistance there to the upside, we can see more gain 🚀🚀
and
the yellow zone on the chart is based on the Fibonacci levels ✔️
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
GALAUSDT 3 Day TimeframeI am a big believer in Gala games, as they are coming out with Play-to-earn crypto games which will be fully launched when the meta verse is released. Price has made a very nice correction & after the consolidation below some bullish momentum has returned to test key resistance at 0.37 ... along with the descending trendline. I am waiting for price to break & close above resistance, to confirm that another strong move to the upside may occur for a new potential higher high as this is still a very early crypto & could see some massive gains in the near future.
GALA/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me. I also stream weekly on TradingView.
GALA had a predictable run after having a bullish divergence on the 1D chart and now its time to short the coin (in the short term because I believe that in the mid term the coin will do good). The RSI of the coin is overbought and in the 1H chart the coin has a bearish divergence that the shows my target of 0.26$. BTC seems that will have a small correction to 40K so the most probable scenario is a short. I still believe that in the mid/long term the coin will do great but this is my position for now.
My next stream will be on the following friday and I will talked abou BTC , do an altcoin review, explain what is the wyckoff method and answer all your questions about crypto. Be there if you are curious. (Hour will be posted on the update of the idea.