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GALAUSD

gala, which path to folla?Trend line holding it down! Need to break out of this channel from my last chart! It looks like the omld happened, a bit deeper then expected, but theres a possibility that sharp correction is over. Doesnt mean moon at the moment. The move down could be a subwave of a larger structure. That is the bullish interpretation. The circle could also potentially be an impulse down, which would mean a lower low. Breaking .586 would invalidate that possibility.
by CryptoKnee
1
GALA slowly crawling up after bounce off support areaCOINBASE:GALAUSD GALAUSD is slowly moving up after a bounce of the support area (based on ICT bullish order block) and Fibonacci retracement. There was a company event on Dec. 6th, a vox drop with NFTs being sold in Gala Token that seems to have helped the price recovery. Total Crypto Market Cap along with BTC are looking like they are back in the bullish mood, also hopefully we will have good news that the Omicron variant is not as severe as the Delta. That could put risk-on assets back into positive momentum. The USD is still very strong but seems to be in a sideways consolidation from Nov 30ths FED speech.
GLong
by russell.schaeffler
1
Keep an eye on GALA!Here's a quick look at GALA 4 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to the upside soon. The price will probably revisit previous ATH when it breaks out. Definitely one to keep an eye on. The best entry would be, when the price breaks above 0.58$ with good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.58$ and take profits at the levels shown in the chart. Targets: 1. 0.615$ 2. 0.66$ 3. 0.75$ 4. 0.84$ ------------------------------------------- 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." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10
GALA/USD - Be careful, bearish price action. Correction inbound!GALA pumped hard and now it is time to take a pause and correct. The indicators are curving down and not looking pretty. Best to wait now and let GALA find new support. A good candidate for that is at $0.36. If market remains bullish, GALA may correct to only $0.5 or thereabouts as shows on the Fib extensions. In any event, if MACD does a bearish cross on daily, then best to stay away for a while. Bias is bearish on this formation right now. Like and follow if you liked this idea!
Short
by DU09
7