Galagames
GALA - Breakout, retest, 65% gain? Gala is forming a wedge.
5 bounces on resistance line and four bounces on support line.
Next target $0.5644
RSI around 40
Volume decreasing since 6th February.
Very bullish on GALA
$GALA looks good for an entryZynga games in the metaversa, or something like that, idc the setup looks good!
Entry .19 - .20
T1: .27
T2. .30
SL tight under entry / if BTC decides to go down.
GALA Movement Expection 📊 GALAUSDT (GALA)
🕑Time Frame: 4H(Update)
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🔵GALA broke the $0.20 resistance and gives a good rally after it. GALA gives almost 100% profit. You can book some profit from GALA and wait for better entry. The support, for now, is $0.29-$0.30 area and we may see a retest of this support zone. The first resistance is $0.36 and the major resistance is $0.40-$0.41 area.
⚠This Analysis will be Updated
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👤 Trader Needs
📅 02.09.2022
⚠️ (DYOR)
Gala Crypto Technical Analysis Target 57Gala Crypto Technical Analysis , Target +57%
After conquering the 84-cent peak, the price correction trend reached -82% in 57 days.
Fortunately, the support band of 14 to 15 cents worked well and the price experienced a 157% increase over the last 18 days.
Currently, in the daily time frame, the price is stuck below its red Komu Cloud.
But on the other hand, its 71-day downtrend line is well broken, which is a very good sign.
Note: You can wait for the price pullback to the marked range and open a long position at 27 cents and expect a 57% profit.
Do not forget "capital management"
Do not forget "to manage risk to Reward"
Good luck and profitable
It needs to hold its supportOn a 4-hour TF, It is now back at the $0.41 - $0.43 area support. GALA needs to hold this support. Otherwise, we will see more downward movement. The first resistance is $0.47 and $0.51 area. The major resistance is $0.58 - $0.60 area. The next support is $0.36 - $0.37 area. You can buy some GALA near the support with stop loss.
GALAOn a 4-hour timeframe, the range of 38 cents to 40 cents is a very important resistance range for GALA. According to the trading volume conditions, the probability of returning from this area is higher. Be sure to move your stoploss to the high points. If the 40 cents area is broken, we will have the opportunity to enter again.
Show the price of GALA with the market cap of Avalanche [AVAX]Show the price of GALA with the market cap of Avalanche
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or let me know what crypto you want to see!
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Have a nice trading!
GALAUSDT 3 Day TimeframeI am a big believer in Gala games, as they are coming out with Play-to-earn crypto games which will be fully launched when the meta verse is released. Price has made a very nice correction & after the consolidation below some bullish momentum has returned to test key resistance at 0.37 ... along with the descending trendline. I am waiting for price to break & close above resistance, to confirm that another strong move to the upside may occur for a new potential higher high as this is still a very early crypto & could see some massive gains in the near future.
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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Gala, Gala, what powerful legs you have for past 2 days...Gala, Gala, what powerful legs you have for past 2 days to fly high!
Where are you going after your accumulations with rising RSI?
1, 2, 3, 4, 5 on Daily chart
Or a, b, c on Hourly chart
Or Both?
Let's see. NFA. DYOR
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.
GALAUSDT - Excellent reversal happening at support and can flyGALA has been on a downfall for a while and was in a parallel channel and now it is forming a downward wedge too. Above the resistance and with increase in volumes these should fly faster. RSI is also in the over sold territory and is also reversing well. Excepting some volume push and when it happens these are going to move faster. #Patience.