Gala
MTRM pullback with market drop possibleConditions: Materium has been hyped for sometime now. Its been up despite Gala's seeming like a stable coin. I believe the total market may find another collapse. I could be wrong, however Im selling all my MTRM bags in hopes to grab a much larger dose 20% - 50% down below. (Around .11 cents usd)
Gamefi: could save the day but i tend to see the game world follow BTC. Mirandus is an awesome game that may do exceptionally well but the total market is king for now.
Final words: Ive made great gains off this token and plan to do so in the future as well. Take a look at the history of Towncoin, Gala, now Silk to get a bigger picture.
....and follow this guys chart to see the grand picture -
GALA| short position with gain!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Deal plan:
Entry - 0.0180/0.01865$
Stop - $0.01963
Take - $0.0160
GALAUSD 0.01700 Target hit. What's next?Gala (GALAUSD) hit the 0.01700 bullish break-out target we gave almost 2 weeks ago on the RSI Bullish Divergence:
Since the price broke also above the 1D MA100 for the first time since April 20 but mainly the Channel Down pattern, we shift to the larger 1W time-frame in order to identify the long-term trend.
As the 1W MACD just formed a Bullish Cross, while the candle broke above the Bear Cycle's Lower Highs trend-line, this break-out is a clear long-term buy signal towards the next level of Resistance, the 1W MA50 (blue trend-line). Our first target is 0.02900 and when the price closes a 1W candle above the 0.236 Fibonacci level, we will re-buy and target (2) 0.06200 (0.382 Fib).
As the crypto officially entered its new Bull Cycle, the Fibonacci retracement levels will start assuming the roles of Resistances on the way up.
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GALA/USDT Break Descending channel, Bullish Momentum for Gala ??💎 GALA has certainly grabbed our attention. Alert on the horizon! GALA has successfully broken through the descending channel pattern, marked by a robust bullish candle, signaling a positive momentum for GALA.
💎 Additionally, GALA has managed to surpass a historically strong resistance level that had previously thwarted its advances multiple times. Now, having broken through both the descending channel and this resistance, GALA is in a retesting phase, gearing up for a potential climb towards the proximate supply zone at $0.01445.
💎 Should GALA manage to breach the $0.01445 supply zone, it could smoothly sail towards the more formidable supply area. However, if it faces rejection at this supply zone, it might descend to retest the previously broken resistance, which could now act as a support, gathering momentum for another upward push.
💎 On the flip side, if GALA exhibits a false breakout, meaning it fails to maintain its position and closes below the recently breached resistance, it could be indicative of a downward trajectory towards a critical support level.
GALAUSD Short-term buy signal on a Bullish DivergenceGala (GALAUSD) is trading within a Channel Down pattern since early January and recently got rejected on the 1D MA50 (blue trend-line). Despite the declining trend, the 1D RSI is on Higher Lows, i.e. a strong Bullish Divergence.
The Lower Highs trend-line has been broken, and the previous two times it did so within the Channel Down after a bearish leg, a counter-rebound took place. As a result we consider this a buy signal towards the top of the Channel Down. We don't wish to exceed the 1D MA100 (green trend-line), thus our target will be contained at 0.0170.
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GALA /USDT bulish ride? 👀 🚀 GALA Today Analysis💎Paradisers,GALAUSDT! After a recent rebuff from the supply zone, it's reigniting its bullish spark, setting the stage for a captivating shift.
💎In the past, GALA navigated within a descending channel for an extended period. However, it broke free, embarking on a bullish trajectory, only to face resistance at the 0.01653 supply mark. Now, with renewed bullish energy, we're hopeful it'll challenge that supply level once more.
💎 Additionally, there's a formation of a bullish flag pattern. A break above this pattern could propel GALA to significant heights. On the flip side, if it dips below the 0.01490 demand level, be prepared for a notable downward shift.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
GALAUSD: Next 1D MA50 break can deliver a massive rally.GALAUSD is testing today the 1D MA50 for the first time in two months on a green technical 1D outlook (RSI = 60.296, MACD = -0.001, ADX = 46.201). Being through all 2023 inside a Channel Down similar to 2022, we can argue that the next 1D MA50 cross over (like the 1W RSI cross over the MA line) can provide a rally similar to January's. That will be our trigger level and will target the 0.786 Fibonacci level (TP = 0.04400).
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GALA looks good for a bounceGALA broke out on stochastic on a daily timeframe. If we can close above the red trendline on Price action marked in the chart along with the trendline on stochastic it looks a great long to me for 1 to 3 RR.
The RR is very juicy, but I would wait for a daily closure today.
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).
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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.
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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 👍
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
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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
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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!
📊#GALA near all-time lows, RSI oversold, forming bullish triang🧠After a 217-day downward adjustment cycle, GALA is close to the lowest point in December 2023. The entire correction period forms a triangle structure, and we can set up trades by watching how the price reacts after touching LL
Let's see👀