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GALAUSDT

GALA - can follow this buying timingBYBIT:GALAUSDT 1H trend chart - 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. - 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 - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
GALAUSDTidea 4 (IMPULSE) Rules: An impulse consists of 5 internal waves. Wave 1 and 5 always have to be impulses or diagonals Wave 3 always has to be an impulse by itself (i.e. can’t be a diagonal) Wave 3 must never be the shortest (in terms of percentage gain/loss) within the sequence Wave 2 is always a corrective pattern and must not retrace more than 100% of wave 1 Wave 2 can be any corrective pattern except a triangle (but it can be a complex combination (wxy or wxyz) that ends with a triangle) Wave 4 must not enter the price territory of wave 1 Wave 4 must always be a corrective pattern (any) Guidelines: Waves 2 and 4 tend to create alternation between each other (as outlined in the introduction of this guide) Wave 2 usually retraces to deeper levels of wave 1 than wave 4 does relative to wave 3 Wave 2 develops more commonly as a simple corrective pattern (i.e. zigzag or double/triple zigzag) Wave 4 develops more commonly as a complex corrective pattern (i.e. triangle, double/triple threes, flat) In almost all impulses, one of the action waves (1,3, or 5) becomes extended, and it is most commonly wave 3 Extended waves can contain several further extensions within them Wave 5 can fail to go beyond wave 3 (truncation) but it is not very common. It usually happens when wave 3 has been exceptionally long and overstretched. Truncation often results in significant reversals. Wave 5 is most likely not going to form a diagonal if wave 3 is not extended An impulse is not over until all sub degrees are finished (e.g. 5 of 5 of 5). The wave count takes precedence over channel lines and Fibonacci targets Wave 3 almost always exhibits the greatest volume. If volume during the 5th wave is as high as the 3rd, expect an extended 5th wave. Elliott Wave Fibonacci Retracement and Extension Guidelines: If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1 If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%) If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) If wave 2 retraces more than 78.6% of wave 1, the idea that it really is a wave 2 becomes more doubtful (possible A-B?) If wave 3 is extended, then wave 1 and 5 are often nearly equal in magnitude and duration. If equality is lacking, a 61.8% relationship is next most likely. If wave 3 is extended, then wave 4 often ends at the level of sub-wave 4 of 3 and is quite shallow (retraces 23.6% – 38.2% of wave 3) If wave 3 is extended and very vertical, it will likely overshoot the trend channel that can be drawn when placing the anchor points at the extremities of wave 1, 2 and 4. However the channel is still very valid for gauging the end of wave 5 (see image) If wave 4 retraces more than 50% of wave 3, it is quite often not a wave 4. Wave 5 is likely to become extended if wave 1 and 3 are equal in size. If wave 5 is extended, then it often finishes at the 161.8% extension relative to the magnitude of wave 1 through to 3 (see image) If wave 5 is extended, then the ensuing correction is often sharp and swift and ends near the extreme of sub-wave 2 of the extension. This does not apply when the market is ending a 5th wave simultaneously at more than one degree.
Long
by YmlDeen
GALAUSDTIdea 3 (Impule wave) Rules ● An impulse always subdivides into five waves. ● Wave 1 always subdivides into an impulse or a diagonal. ● Wave 2 always subdivides into a zigzag , flat or combination. ● Wave 2 never moves beyond the start of wave 1. ● Wave 2 always ends in the territory of wave 1, and wave 4 in the territory of wave 3. ● Wave 3 always subdivides into an impulse. ● Wave 3 always moves beyond the end of wave 1. ● Wave 3 is never the shortest wave. ● Wave 4 always subdivides into a zigzag , flat, triangle or combination. ● Wave 4 never moves beyond the start of wave 2. ● The termination point of wave 4 never moves beyond the end of wave 1. ● Wave 5 always subdivides into an impulse or a diagonal. ● Never are waves 1, 3 and 5 all extended. Guidelines ● Wave 4 will almost always be a different corrective pattern than wave 2. If the second wave is a sharp correction, then the fourth wave will usually be a sideways correction, and vice versa (alternation). ● Wave 2 is usually a sharp correction in the form of a single or multiple zigzag . ● Wave 4 is usually a sideways correction in the form of a flat, triangle, or combination. ● In rare cases, a triangle (one that does not include a new price extreme) in the fourth wave position will take the place of a sharp correction and alternate with another type of sideways pattern in the second wave position. ● Wave 4 typically ends when it is within the price range of subwave four of 3. ● In an impulse wave, wave 4 should significantly break the trend channel formed by the subwaves of wave 3. ● Wave 4 often subdivides the entire impulse into Fibonacci proportion in time and/or price. ● On rare occasions, wave 4 subwaves can enter the territory of wave 1. As a strong guideline, no portion of wave 4 of an impulse wave can enter the price territory of wave 1 or wave 2. ● Second waves of impulse waves would tend to go beyond the previous fourth wave at one lesser degree. ● Sometimes wave 5 does not move beyond the end of wave 3 (in which case it is called a truncation). ● Wave 5 often ends when meeting or slightly exceeding a line drawn from the end of wave 3 that is parallel to the line connecting the ends of waves 2 and 4, on either arithmetic or semilog scale. ● The center of wave 3 almost always has the steepest slope of any equal period within the parent impulse except that sometimes an early portion of wave 1 (the "kickoff") will be steeper. ● Wave 1, 3 or 5 is usually extended. (An extension appears "stretched" because its corrective waves are small compared to its impulse waves. It is substantially longer, and contains larger subdivisions, than the non-extended waves). ● Often, the extended subwave is the same number (1, 3 or 5) as the parent wave. ● Rarely do two subwaves extend, although it is typical for waves 3 and 5 both to extend when they are of Cycle or Supercycle degree and within a fifth wave of one degree higher. ● Wave 1 is the least commonly extended wave. ● If wave 1 of the impulse is the leading diagonal , then one should not expect wave 5 in the form of the ending diagonal . ● When wave 3 is extended, waves 1 and 5 tend to have gains related by equality or the Fibonacci ratio. ● When wave 5 is extended, it is often in Fibonacci proportion to the net travel of waves 1 through 3. ● When wave 1 is extended, it is often in Fibonacci proportion to the net travel of waves 3 through 5. In addition, wave 2 can subdivides the entire impulse into Fibonacci proportion in time and/or price.
Long
by YmlDeen
TS ❕ GALAUSDT: short to 0.17975Cryptocurrency is not the best asset to invest in general right now. This also applies to this moment and it is assumed that the price will continue to slide towards 0.17975. SELL scenario: Current prices near the downtrend channel resistance line are well suited for a short position. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
5