Gala
Gala 1D Is there any chance for growth or all is lost?The main message in the previous GALAUSDT idea was: you have to take your profit from the "table" in time, if you are lucky and the market has shared the profit with you.
As we can see from the chart, the value of 1 GALA decreased from the maximum by more than 4 times in just two months.
Those who paid attention to the hint in the previous idea could have saved their hard-earned money.
Who wants to shift the responsibility for their mistakes to someone else, including us - then it is his right) But the money in the account will not increase, and the right conclusions will not be made, while such mistakes will be repeated.
This is all lyrics, let's go to the analysis of the chart:
1. During the recent sinking of the crypto market, GalaUSDT price fell to a level that previously prevented it from going up twice. Some interest was shown by buyers and pushed the price up from it.
2. In the last 10 days there is a consolidation, the exit from which will be a decent impulse.
3) The fulfillment of the white - positive scenario may occur only if some super-positive news, which is not yet seen or heard on the horizon. The target of $0.34-0.35 is a strong mirror level, which will be difficult to break up at once.
4. The target $0.78-0.80 is also realistic , but it needs an alt season and belief in a miracle) It happens when most people lose faith and interest in the crypto market, and it starts to shoot up).
5. If passivity continue at crypto-market, or negative news will arise, we don't see any obstacles for GALAUSD price to fall to $0.12.
For some people it will be a painful deposit drawdown, for others it may be a good price for a long position.
It's always like that on the market: some people lose - others earn at their expense. And only crypto exchanges always earn from both sides of market participants.
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the GALA breakout 🚀Based on the chart, the price is close to channel resistance ✔️
and
has started to gain from the support area ✔️🚀
if
the price breaks the channel resistance and our purple area here to the upside and stays far from the purple area, we expect gain for the price 🚀
we have
major resistance on 0.50 area and if the price breaks the round number of 0.50 and stays above this area we can see more gain 🚀🚀
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.
🐋
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, EXPOSED TO EXPLOSION !!!One of the currencies that has reached an excellent level following the recent correction of the market is the GALA. As shown in the chart above, the price divergence is evident and we saw a good reaction from the gold level of 61.8 Fibonacci.
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Please make the right decision by reviewing yourself and managing your capital.
GALA - Good entry timing and TP/SLBYBIT:GALAUSDT
1H trend chart
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GALA broke out the downtrend line on 1H, and retested it before.
It's kind of support transformation from resistance.
Also, there is a potential double bottom formation, so we can take entry here with trading strategy as below.
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Profit Targets:
a) 0.21050----Fib(1)
b) 0.21925~0.22279----Fib(1.272~1.382)
c) 0.23037----Fib(2)
Stop losses:
a) 0.17948----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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!