Gala
GALA/USDT: LOOKS PRETTY GOOD.Recently, we saw a good rally of 45% on GALA/USDT after soon followed by a drop of around 23%. GALA has a good potential to reach $0.22 or even higher.
I have entered this trade at $0.191 and will accumulate more at the bottom. I am keeping my SL at $0.177.
Do not use high leverage and accumulate the dip to average the entry
Note: I have done my own research and trading at my own risk. So, do your own research before investing.
Trade safe.
🔥 GALA Classical Bubble FormationGALA has been one of the hottest cryptos of late 2021. In a mere 2 weeks time, this token gained over 900% profits, all due to the metaverse-hype.
However, this metaverse fueled move has caused GALA to make a huge bubble-pattern. I'm sure that you have seen the picture on the left before, so I won't go over it too much.
Most importantly, I think that we're currently in the "despair" phase for GALA. Obviously, there's more downside potential, so I drew the purple despair area all the way to $0.08. The dotted line represents the "mean", which is indicative for now. It might hold some value if we assume that the bottom is in.
Classically, the despair phase is followed up by a bullish rally. Unsure when this rally will come, but I'm willing to bet that it will start at some point in the coming 3 months. If BTC manages to move past $40k, we might see more funds flowing towards alt. Let's see where GALA will bring us.
Happy trading!
GALAExpecting GALA to stay between Resistance and Weak Support for the Weekend. Direction will be clearer depending on how hard it breaks/rejects the Resistance, GALA has already attempted to break through twice on the 26th and 27th of January.
Overall, I think GALA will cruise towards the Support of around ~$0.16 in the next 4 days.
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
#Journal #GALA TRBO Grade B Set Up#GALA
Breakout Play/ grade B Trading Set Up
1.entry at .21220 11:25am
Confluences:
CCC
MACD Bearish Cross
Histogram
Volume
1HR TF
Trading Set Up
2.Exit and TP at .22827 1:16PM
when trading on a GRADE B set up, be very watchful on the market movements.
Keep in mind that the main goal is TO PROTECT THE FUND.
GALAUSDT - Excellent reversal happening at support and can flyGALA has been on a downfall for a while and was in a parallel channel and now it is forming a downward wedge too. Above the resistance and with increase in volumes these should fly faster. RSI is also in the over sold territory and is also reversing well. Excepting some volume push and when it happens these are going to move faster. #Patience.
Gala Games is WAYYY OVERSOLD.... Peep why I bought Not only do the charts offer 13:2 risk-to-reward ratio, but Gala Games "Town Star" game is gaining in popularity.
Google trends and SEMrush both indicate that search volume for "town star" is increasing.
Not to mention that Gala has tremendous price support beneath its current levels.
If the market offers the opportunity for me to take profits over the short term, I will...But I DON'T mind holding Gala long term with an entry at this level.
GALANot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Gala Chart Update 22th Jan 2022Some update on gala. Today gala has managed to cover up the big gap up run up since 17th Nov 2011.
A big pullback and the price retracement of 82%. We may see a bottom here.
Currently the rsi is oversold and the stochastic is resting at the bottom on the day time frame.
GALA : WHEN TO EXPECT A DECISION? Gala has gone off track (the track i draw in previous analysis)
I extend it and discover it has the same timeline with BTC ichimoku cloud
(See below) ... So it may sideway longer
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- Don't buy until break up descending triangle
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Trade safe and fun <3
Feel free to feedback /comment