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Gala

GALAUSD: Bullish divergence leading to the top of the ChannelGala is trading inside a Channel Down every since the market top early this January and today the 1D technical outlook turned neutral (RSI = 46.626, MACD = -0.001, ADX = 48.052) as it is trading on the strongest 1D green candle since March. The 1D RSI bullish divergence (HL) shows a short term momentum shift and the price can now target 1D MA100 and the top of the Channel Down. We estimate at least a +50.35% rise from the bottom (TP = 0.01900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:GALAUSDLong
by InvestingScope
GALA is gaining upside momentumHello, everyone! Couple of weeks ago we made analysis on GALA where considered that it's closed to it's bottom. Since then this asset is staying at the same level and most of traders disbelieved in the any potential bounce. If you remember 2D is our working time frame to establish the Elliott waves cycle. Usually we have 3 confirmations of the reversal: bullish reversal bar, then AO momentum reversal and finally fractal breakout. This bullish reversal bar is not an obligatory condition, it could be or not. AO reversal is obligatory one. Here we have 3 green bar on AO histogram. The key level for reversal confirmation was the yellow line. Price has successfully passed this line. Moreover MFI has printed the squat bar at the very bottom and green bar is about to be printed today which is another one bullish factor here. If we are right minimal target is $0.02 where the Fibonacci 0.61 zone is located. Follow us and never miss the update
Long
by Skyrexio
4
GALA 📌 macro analysis ⏰ BINANCE:GALAUSD :: long term 📌 analysis ⏰ #dyor #NFA gaming coin 🎮 Detailed information ( #explaination ) 🐿 SUPPORT 📌 $0.0134-0.01506 < #BUY > 📌 $0.00903-0.0104 RESISTANCE 📌 $0.112-0.163 < #sell > ( very high resistance make it as #principaltrade ) After breaking resistance 📌 weekend candle close above Possible target 📌 $0.5-0.53 & $1.98-2.1 #explanation Gaming coins 😊 Strom community and project Recently effect in news 🗞️ if this take hard 📌 turn risky to holders like #ftx I am expecting $0.1-0.15 will be bull top 🔝 but based on comfirm we can move I will update you 👍 or remind me 😊 I am not expecting it will reach support 2 📍 but news 🗞️ getting hard 📌 it will hit easily Until FEBRUARY 2024 coin have bearish 📍 phase 📍 March 2025 will be decided phase 📍 on this coin 🪙 Risk is high 👍 Recommend position size 1% Old user's try to average 60% at support 1 40% at support 2 📍 based on ur old liquid 💰 Or ask here 👍
Long
by raj5_7_5
GALA - just one more dump!Hello, dear friends! Last time I have too many analysis updates on INDEX:GALA . Some of you could think that I am their ambassador, but it's not true. This asset just in the nice price range to accumulate some coins. You have already seen my global analysis that bottom is almost here. Today I will show you the local price action analysis. the fact that price set the new lower low means that we are in new bearish impulsive wave. I think this is wave 5. This wave should also consists of 5 waves. It looks like wave 4 has been finished and wave 5 in wave 5 is in progress. I expect the dump slightly below current low. If Awesome oscillator will show divergence it's gonna be the nice reversal sign. Best regards, Skyrex team __________________________________________________________ 🔥Please, follow us and smash the rocket🚀 button to support us🔥
by Skyrexio
4
GALA - where is the dump limit?Hello, dear friends! Time to make an update for the annoying BINANCE:GALAUSDT which have already took 2 my stop-losses during this dump. Elliott waves analysis is showing us that the bottom is too close and the potential reward is gonna be 10X more than risks, that's why it's ok to get couple of SLs. Looking at the current price action it looks like dump don't want to be stopped. On the 2D time frame we can see the forming of the green bar, which means that asset can go a little bit lower. Elliott waves analysis is showing us the potential ending diagonal forming and wave 5 has two potential targets: 1 and 0.61 levels from wave's 1 length. The first target is unreachable because of negative price zone, that's why our target is $0.009. Anyway MFI is decreasing right now, it means that downtrend is weakening everyday. Best regards, Skyrex team __________________________________________________________ 🔥Please, follow us and smash the rocket🚀 button to support us🔥
by Skyrexio
Ultimate GALA analysisHello, dear friends! Today I will show you why there is a huge confidence in potential pump for BYBIT:GALAUSDT.P and also the bear market could be finished for this asset. First of all let's take a look at the 2D time frame. It looks like price is printing the ending diagonal in last bearish wave 5 which consists of 5 waves. Awesome oscillator is showing the potential divergence. Of course, momentum has not been changed still, but when we will see three green bars on the hist it means that we did not make a mistake. Watch out the updates to this article in the next hour!
Long
by Skyrexio
8
The GALA price correction,& a long trade in the resistance zoneHi traders, I recommend waiting for a price correction and chart rebound to the $0.01990 range before entering a buy trade. This precaution is advisable because the current price might be undergoing a correction and could continue its downward movement before resuming its upward trend. Additionally, the chart's return to the $0.02005 range could serve as a signal that the bullish trend is in the process of returning. GALAUSDT - GALA vs USDT
Long
by Arash-RK
GALA/USDT what next? 👀 GALA Today AnalysisParadisers, let's delve deeper into GALAUSDT's current trajectory.It's charting an impressive path, firmly holding its support and primed for a bullish surge.👀 💎 While many assets waver under market pressures, GALA stands out. Its robust recovery is a testament to its strength, and the increasing volume further accentuates this bullish narrative. It's not just about the numbers it's about the underlying momentum and sentiment. 💎 Another key factor: if the price consistently stays above the EMA 21, expect a robust bullish trajectory. However, if it dips below, brace for a potential correction. 💎 In essence, GALAUSDT is at a crucial juncture. Its next moves will be instrumental in shaping its short-term trajectory. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
GALA triangle pattern range and gain 🚀Hello 🐋 Based on the chart, the price is in the parallel channel and close to the channel support area, and triangle pattern ✔️ if the price doesn't break the support zone to the downside, we will see more gain 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
GALA/USDT Technical Analysis ( 21x Potential in Next Bull Run )Technical Analysis for GALA/USDT: A Potential Opportunity for Long-term Growth In this technical analysis, we will be examining the price action of GALA/USDT, currently trading at $0.02347. The analysis will focus on a 3-day chart, identifying a Bull Flag pattern and potential support and entry zones for long-term investors. Chart Analysis: Bull Flag Formation: GALA is currently forming a Bull Flag pattern on the 3-day chart. This pattern indicates a short-term consolidation after a previous bullish move, suggesting that a potential upward breakout might occur in the future. Support and Entry Zones: For long-term investors looking to accumulate GALA, the ideal entry or support zone lies between $0.015 and $0.019. This range provides a favorable risk-reward ratio for those looking to invest in the project. Breakout Level: The breakout level for GALA stands at $0.029. A decisive move above this level could trigger a significant price surge, potentially leading to a short-term target of $0.1, representing an approximate 250% gain from the breakout price and 500% from the suggested entry zone. Long-term Targets: For patient investors with a long-term perspective, GALA presents an attractive opportunity with several potential target levels: TP1: $0.07 TP2: $0.128 TP3: $0.183 TP4: $0.270 TP5: $0.41 If GALA reaches TP5, long-term holders would have gained an impressive 21x return from the suggested entry zone. Market Sentiment: The long-term downtrend for GALA appears to have been broken, and the current price level may serve as a retest opportunity. Investors should keep in mind that significant price dips could present excellent accumulation opportunities for those looking to hold GALA for the long haul. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. The author is not a financial advisor. Readers should exercise their own discretion and seek professional financial advice before making any investment decisions. Follow us for More Quality Chart Analysis. Thank you
Long
by CryptoPatel
4
GALA/USDT gearing up for significant move👀🚀GALA Today Analysis💎Gala USDT is gearing up for a significant move. We've noticed that it's replicating a familiar descending channel pattern. Maintaining strong support will be a key indicator of its bullish momentum. 💎Another observation is that it's trading above the mitigated Order Block (OB). This suggests that the market is preparing for a major bullish surge after the fulfillment of these orders. 💎Additionally, Gala USDT is trading in a high-demand zone, which further supports the potential for a bullish move. 💎We might also witness a retest of the channel support before it takes off upwards. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
6
GALA price is on the verge before a big increase The GALA price is probably tamping the "bottom" now. If we look at the full trading history of GALAUSDT and apply Elliott Wave Analysis, we get the following: (1) a sharp wave of growth occurred in early 2023 and brought the GALA price out of a prolonged downward trend. (2) a protracted six-month correctional wave in the A-B-C format probably ended in June 2023 (3) the 3rd wave, which is considered to be the largest/longest, is probably just emerging. The GALAUSD price has a tough upward path ahead. $0.07 is a strong mirror level, above which a dense liquidity zone begins. We currently assume that the GALAUSDT price will be able to rise to $0.11-0.13 in a few months (x5-x6 from the current price). However, depending on the growth pattern, pace, and other inputs, the targets from above may be recalculated. In this case, we will update the GALAUSDT idea. So, please like, comment, and subscribe if you are interested, and we will provide you with relevant thoughts) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
11