UPDATE: GALA UP 725% after bull signal - 280% more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price went sideways for a while before the big pump in Nov. Making a whopping 725+% after the bullish "Supertrend Ninja" signal in Nov 2021. That's a life changing trade for many people.
Currently the price seems to be in a range as well. Using Fibs there is potential gains of 280% around 1.62 USDT. Then again if we drop here, it could be as painful as 75%. Currently we are testing support, RSI is in an accumulation zone. Another small drop here before making a bull run, or continue moving sideways in the range wouldn't surprise me as well. GALA is a trade that definitely needs some proper risk management.
Personally I would wait for the 'Supertrend Ninja' signal to turn bullish first. It might take days or weeks. Generally this indicator gives around 2-8 bullish signals a year.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using the indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Gala
Have GALA in your portfo as whales haveHi my friends
As you see in the chart , you can buy one step at 0.46 abd one step when it breaks the first trend line and resistant
Now it has a very low risk as you see is below 0.35
Risk management on you
Have a good day
MBOXUSDT Daily TA : 01.01.22 : $MBOXAll 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 ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01 . 01 .2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
GALA Loading up for a big move!Here's a quick Look at GALA 8 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! The price action depends on BTC and if BTC doesn't cooperate, then GALA won't manage to build bullish momentum. Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 1100 sats
2. 1180 sats
3. 1300 sats
4. 1460 sats
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
GALAUSDT Daily TA : 12.30.21 : $GALAAll 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 ...
👤 Arman Shaban : @ArmanShabanTrading
📅 30.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
GALANew trendline formed giving clear idea of what to come ahead.
4H RSI DIVERGENCE FORMING
-but could still go over sold, wises decision is to wait for it to go oversold as it reach the support areas.
We could see a head and shoulder but I wouldn't risk it as BTC in a bearish in our channel as seen above.
Stay NEUTRAL for now unless a breakout and confirmation.
But in the long term invest, GALA is so bullish to me
GALA the beginning of a new uptrendGALA has been in a downtrend for more than two months. It is only now showing signs of a new uptrend.
It is also worth highlighting that a technical pattern - a symmetrical triangle - has formed on the chart. And the price has broken through the upper boundary of the pattern, which is a positive signal for the continuation of the uptrend. According to the rules of the pattern, target = height of the triangle.
We don't know if the price can reach this target, it is important to analyze the bitcoin's performance, as all altcoins are correlated to bitcoin .
GALA/USDTOn a 4-hour timeframe, GALA bounced of the flip zone around $0.41 - $0.43. Right now, the price reached the resistance line and looks like facing intense sell pressure to break it, and the price may reject back to the flip area. GALA GAMES was truly bullish since Binance's listing and a strong coin for hold. You can add some around $0.44 for a swing move.
#GALA retested crucial support Hi Soroosh School guys
I came back with #GALA chart
#GALAUSDT broke out the triangle and dynamic support in the area of 0.51 and pump more than 9% and touched the resistance in 0.55 bucks.
If #GALA lose its support at 0.51 next supporting level is between 0.46 - 0.49 and If Gala broke out the resistance in 0.55 , Next targets can be 0.58 , 0.60 , 0.63 and 0.66
GALA, the end of a correction and the beginning of a new uptrendGALA has been in a downtrend for more than two months. It is only now showing signs of a new uptrend.
What positive signals can be seen on the chart?
- A correction of more than 50% from the high
- A long consolidation
- Breakdown of the trend line
- Local formation of higher highs and lows
It is also worth highlighting that a technical pattern - a symmetrical triangle - has formed on the chart. And the price has broken through the upper boundary of the pattern, which is a positive signal for the continuation of the uptrend. According to the rules of the pattern, target = height of the triangle.
We don't know if the price can reach this target, it is important to analyze the bitcoin's performance, as all altcoins are correlated to bitcoin.
It is important to note, we did not buy or hold this coin in our portfolio. This is just a technical chart analysis at the request of our subscribers. Personally, we buy altcoins for no more than 20% of our total capital and hold our coins in the medium term. As practice shows, this is the best way to trade. We trade bitcoin using our trading indicators for all of our principal capital. You can see more details in past ideas.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
GALA - Potential Long SetupGALA seems to be holding here after coming down slightly lower than my short target (albeit within range). Basically, you can try to target the flipping of the purple line, which is the 50ema. I went long earlier, but I think .52 is the safe entry here with a stop at .48 , NFA , DYOR. Watch BTC for guidance.