GALA to 40$As Elliott wave I hope it is right for MEXC:GALAUSDT , we are now at the start of wave 3
I think we gonna this through this bull run
Gala
🚨#GALA/USDT Long#GALA
The price is moving in a descending channel on the 12-hour frame
Now it is about to break that channel upward after testing the downtrend of the channel
We have buying momentum on the MACD indicator
Entry price is 0.02287
The first target is 0.02424
The second goal is 0.02689
The third goal is 0.02965
GALA is pressing for a break. 0.06 next?Like most Altcoins, BINANCE:GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year.
It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward.
The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end of the correction phase.
Currently, the price is encountering local resistance, and in the event of a breakout, we can anticipate continuation.
This rise could lead to an increase to around 0.06, a crucial resistance level.
Despite my reservations about the project's tokenomics, I am technically bullish and will allocate a very small portion of my portfolio to this trade.
Volume Profile and Trend-Based Fibonacci Extension AnalysisVolume Profile and Trend-Based Fibonacci Extension Analysis
Summary:
This trade proposal utilizes Volume Profile analysis combined with Trend-Based Fibonacci Extension to identify potential trading opportunities. By examining volume distribution and key Fibonacci extension levels, we aim to pinpoint potential areas of interest for entering or exiting trades.
Technical Analysis:
Volume Profile Analysis: Utilizing Volume Profile analysis, we can identify significant price levels based on the volume traded at each price level. This allows us to discern areas of high and low liquidity, which can provide valuable insights into potential support and resistance zones.
Trend-Based Fibonacci Extension: Applying Fibonacci Extension levels to the prevailing trend allows us to project potential price targets beyond the initial impulse move. By anchoring the Fibonacci levels to key swing points in the trend, we can identify potential areas where price may encounter resistance or support as it extends in the direction of the trend.
Interpretation:
By combining Volume Profile analysis with Trend-Based Fibonacci Extension, we can identify confluence zones where both techniques suggest potential areas of interest. These confluence zones may serve as strong levels of support or resistance, providing favorable entry or exit points for trades.
Trade Plan:
Entry: Look for opportunities to enter trades near confluence zones where Volume Profile levels align with Fibonacci Extension levels. This could involve entering long positions near confluence zones acting as support or short positions near confluence zones acting as resistance.
Stop-Loss: Place stop-loss orders below support levels in long trades and above resistance levels in short trades to manage risk effectively.
Take-Profit Target: Set take-profit targets based on the projected extension levels provided by the Fibonacci Extension tool. Additionally, consider taking partial profits at key Fibonacci levels or when price encounters significant volume nodes.
Risk Management:
Implement proper risk management techniques by sizing positions appropriately and adhering to predetermined risk-reward ratios. Monitor trades closely and be prepared to adjust positions as market conditions evolve.
Disclaimer:
Trading involves inherent risks, and there is no guarantee of profits. Conduct thorough analysis and consider all factors before executing trades. Utilize stop-loss orders and risk management strategies to mitigate potential losses.
GAL has been making HH and HL after breaking above 2.300GAL has formed a Bullish pattern, It has been making HH and HL after breaking above 2.300, it most likely will continue the trend .
Entry Zone 2.490 - 2.599
SL 2.289
TP1 2.759
TP2 3.668
TP3 4.094
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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⚖️💹 GALA Trading Strategy 🌐📊📊 Current Market Status:
GALA consolidating within a support area between $0.02050 and $0.02200.
🔄 Trading Strategy:
Laddering Into Long Spot Trade: Initiating a long spot trade with a ladder approach.
Take-Profit Areas: Approximately $0.028 and $0.035.
Stop-Loss: Set just below $0.02.
📣 Market Insight:
Belief in the gaming sector's potential rally.
GALA may move quickly if the gaming sector experiences a strong run.
📈💡 #GALA #TradingStrategy #CryptoMarket 🌐📊
GALAUSDTBINANCE:GALAUSDT Long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
#GALAIn continuation of the previous analytical post, you can wait for a pullback to the broken structure to enter a buy position. Look for the confirmation candle to enter for a short time in the specified area. The areas marked on the chart can also be considered as profit limits.
GALA buy setupIt has a structure that can move from FVG to SUPPLY.
We have two long SHADOWs at the bottom, which shows the support of buyers. In the range of FVG, you can look for buy/long positions.
Closing a daily candle below the FVG will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Of course, the targets are higher(GALA)📊Analysis by AhmadArz:
If you like, you can leave the targets open and move further according to your analysis.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
galausdt big opportunitygalausdt is currently trading around 0.01817 .. if market retrace back to 0.015 you can shoping some decent amount stoploss is below last low of the market that did recently .. and tp is the given on the chart ,, good luck
📉📈 GalaUSDT Price Analysis 🌐💹📅 Recent Movement:
Gala's price reversed off the $0.02 - $0.022 support area, coinciding with the 0.618 Fibonacci level between the low in October last year and the recent high.
📊 Key Areas:
Strong support expected in the $0.02 - $0.022 range.
Price reached the next resistance at $0.026.
🔄 Anticipated Movement:
Possibility of a retracement to test $0.02 - $0.022, offering a potential entry level.
Expectation influenced by favorable ETF news and BTC holding support.
🎯 Profit and Resistance Levels:
Potential profit-taking area (TP) at $0.035 - $0.038.
If surpassed, Gala could aim for the next resistance at $0.042 - $0.045.
⚠️ Risk Management:
Set a stop loss just below the $0.02 support level.
#GalaAnalysis #CryptoTrading #MarketWatch
GALA/USDT bullish momentum from support?👀🚀GALA Today Analysis💎 Paradisers, turn your attention to #GALAUSDT, where current market signals are pointing towards a bullish potential from its support zone.
💎 #GALA recently encountered resistance at the $0.03515 level, leading to a downward trend. However, if it can sustain momentum above its crucial support level at $0.02253, there's a promising chance for an upward movement to tackle the next major resistance zone.
💎 Given the crypto market's ever-changing landscape, having a flexible and agile strategy is key. If #GALA faces challenges in maintaining its ground at this pivotal support level, considering an alternative approach may be necessary.
💎 In such circumstances, our Plan B would be activated, aiming for a bullish trajectory from a lower but strategic support level at $0.01986. Monitoring this level is critical, as its breach might signal a shift towards a bearish trend in the #GALA market story.
galaThere is a small resistance in this part that can come a little lower to that discordant candle, and I drew two scenarios that can be imagined for it in the short term with two separate colors.
GALA/USDT Could GALA continue the upward movement ???💎 GALA has been a focal point in the market, currently navigating a retesting phase. Notably, GALA has demonstrated a strong bounce from what was previously a key resistance level, now acting as support. This positive response indicates that if the retesting phase is indeed valid, GALA could potentially resume its upward trajectory, aiming for a significant resistance area.
💎 However, should GALA fail to maintain its rebound from the support level and instead break below the demand area, it could signal a shift in its market direction. The next critical level to watch would be the lower demand area.
💎 In this demand zone, a robust recovery is crucial for GALA. For a continuation of its upward journey, GALA needs to demonstrate a strong bounce and attempt to reclaim the resistance area. Failure to show a positive response in this zone and a further breakdown could indicate a shift back to a bearish trend for GALA. This development might lead to a descent towards a more substantial support area.
GALA is ready to riseGALA is still moving within the channel and also tested the support level. From here we could see a move towards the top of the channel. The key target in the short term is 0.039-0.040.
Otherwise, it would be wise to cancel the transaction if it goes below support again.
Best zone for sell (GALA)❤️❤️Thanks for boosting 🚀 and supporting us!
📈I not strong break resistance with big body candle , best zone for sell.
📊 (-sell) : 0.0328
🔴 Stop Loss : 0.03622
🎯 Take Profit : 0.0262 - 0.0182
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
$GALA Chart AnalysisGala Games INDEX:GALA has made a double bottom patterns and potentially makes a big move if they could break the resistance at 0,27 - 0,28.
As you can see, they also will make the golden cross in early December this year.
This is not financial advice, still do your own research.
Peace and keep healthy
Be careful but watch🔼 This currency is near its resistance range, but there is still a possibility of growth up to this resistance range.
⚠️ On the other hand, a corner pattern is forming, which makes possible the possibility of a fall for this currency.
📉 Important support and resistance ranges are also identified in this analysis🟢 A long signal for risk-averse friends was presented in this analysis.
METO: $0.002 | Could be the next Gala for Tiktok Gendecently depressed and weeded out speculators
currently fresh capital from MidEast on board
for 2023 roadshow across the universe
Phase 1 Packaging for Unicorn Status
TitkTok Cap is $300bn
this influencer platform may just be the missing link to adoption
\https://metafluence.com/
GALA/USDT Bullish Prospects supply turned to demand? 👀 🚀💎 Paradisers, turn your attention to #GALAUSDT as it's currently carving an intriguing path in the market. Demonstrating a shift where supply zones have turned into demand, it is lining up for a highly probable bullish movement.
💎 A look back at #Gala recent trajectory shows a pattern of breaking out of a descending channel and initiating an upward trend. Adding to this, it is also tracing an ascending channel trajectory, reinforcing the likelihood of continued upward movement. With sustained momentum, INDEX:GALA is aiming to challenge a major supply zone at $0.04907.
💎 However, given the often volatile nature of the crypto market, #GALA traders should stay prepared for various possibilities. If it struggles to maintain its bullish momentum and falls below the current demand level of $0.02741, a shift in market dynamics may occur. In such a scenario, traders might need to focus on a bullish resurgence from a lower demand level of $0.02465.
💎 Importantly, a descent below this lower demand level could signal potential difficulties in sustaining the bullish trend, necessitating a strategic reassessment. 🌴💰
GALA/USDT Bullish momentum?👀 🚀GALA Today analysis💎Paradisers , GALAUSDT is currently showcasing an intriguing bullish pattern, trading within a demand zone, which signals a strong probability of an upward movement.
💎 Historically, GALA has demonstrated a pattern of breaking above its descending trendline, followed by a successful retest and an ensuing upward trajectory. Presently, as it operates within a demand zone, the likelihood of a bullish trend is quite pronounced. This is further reinforced by the transition of supply into demand, coupled with a sweep below liquidity levels.
💎 The initial target in this bullish scenario is to overcome the resistance level at .2881. Should GALAUSDT successfully breach this barrier, it's poised to challenge a more formidable resistance level.
💎 Conversely, if it struggles to sustain its upward momentum, a strategic bullish move from the .1692 demand level might be anticipated. However, a break below this level could lead to a significant bearish downturn.
galaThere is a small resistance in this box and there is a support in the specified lines. If it is supported and rejects the box, you can see the above numbers for it, but if you want to make a further correction, it should be checked again.
