GALAUSD
GALA at the apex of the bigger Symmetrical triangle Here's a quick look at GALA 12 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to either sides soon. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle (Approx. 0.232$) with good amount of volume .
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The idea is: Buy when the price breaks above the symmetrical triangle (Approx. 0.232$) and take profits at the levels shown in the chart.
Targets:
1. 0.29$
2. 0.35$
3. 0.4$
4. 0.475$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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TS ❕ GALAUSD: returned to the levelThe price returned last to the level of breaking through the base of the triangle 0.24300, after this correction, a fall is expected.
SELL scenario: after a rebound from the level of 0.24300, you can open shorts up to 0.18000.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ GALAUSD: breakoutThere was a breakout of the triangle in the area of 0.24500, after a rebound from the support, a rollback to the breakout area is possible.
BUY scenario: short from the level of 0.21200 to the area of 0.24500 is possible.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GALA to make full recoveryI expect GALA to either continue correcting towards 0.15-0.16 and create an upwards momentum or if BTC doesn't go down more from it's current level then a quick recovery is in the works. I believe this coin is very undervalued at the moment. DCA down for spot hodling or watch for confirmed break out when trading.
Remember this is my on personal view and analysis. Rely on your own research before taking any trades.
GALA - can follow this buying timingBYBIT:GALAUSDT
1H trend chart
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GALA is consolidating and accumulating right now.
And there is a downtrend keeps resisting the price.
So if GALA can break out the downtrend line, we can open long and trading strategy as below.
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Profit Targets:
a) 0.27457----Fib(1)
b) 0.29703~0.30611----Fib(1.272~1.382)
c) 0.32559----Fib(1.618)
Stop losses:
a) Depend on the pattern
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TS ❕ GALAUSD: inside the triangleThe price is correcting inside the triangle, now we can expect the last impulse towards resistance in the area of 29.000.
Buy scenario: small move to resistance line from 25.300 to 29.000.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Will Gala break 0.35?20th - 21st of Feb saw the "death cross" with the 50 EMA and 100 EMA crossing under the 200 EMA line.
A falling wedge pattern at the base of the decending channel also suggests that a reversal may occur in the next week.
If we can close a daily candle above 0.350 then 0.468 and 0.54 are my next targets.
RSI at 53
💥IS GALA READY TO FLY?🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is a continuation of my forecast on Gala right here👇
Let’s go on with what I have today.
As seen on this chart, price broke out of consolidation, and it retested the breakout point. Then the daily candle starts with a bullish move.
Is this the right time for investors to get in, or it’s a bull trap??
What do you think?
Share your opinion in the comment section✍️
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GALA: InvertedI like to invert the charts sometimes for a different perspective. We can see that on the inverted chart, GALA was in a massive rising wedge for about 75 days, broke down, and looks to be in another possible rising wedge.
It'll be interesting to see where GALA is later this year.
Happy trading :-)
GALA Bullish Bat PatternGALA is in process of making bullish BAT pattern on 6H, Harmonic pattern charts are mostly self-explanatory. Take this trade with 3 to 5% capital upon completion of this pattern. Its also possible that this pattern won't complete so in case of this, Buy 25% now, 25% at $0.218 and remaining 50% at the entry price of harmonic. Good luck.
Bitcoin / TetherUs.1h.BINANCEAs you can see, with the closing of a strong downtrend in the one-hour time frame, there is a possibility that the price will fall to the lower range, in case of support in the price range 37537 and the price will return up, or the support range of 36357 is expected to fall.
👨🏫 vahid soltani :@Vahidsoltanitrading
📊 :#Bitcoin
⏰:Time Frame :1h
📆:23.02.2022
⚠️ :It is a personal analysis and not a buy or sell signal.
GALA/USDT - the price is testing this big value areaLet's analyze the GALA chart. Price has tested the big value area as support. A bounce is now very likely to occur. A bounce could occur to the liquidity area, which is marked above. If your strategy is a bounce, it could be a good buying opportunity.
But while the market is still showing weakness, you should not discard the downside scenario. A price squeeze and a break of the upper boundary of the big value area could be a good selling opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Will GALA fall to $0.19? Bitcoin down 15% to the $38,000 mark
GALA RSI oversold at 25
If GALA drops to $0.217 then a fall to $0.175 is quite likely
May see another rejection of descending resistance before a break through to marked target