gala/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
My bottom call was hella off. Shit went way lower than my predictions. The chart is still on the 4h timeframe, it looks like we've bottomed out and its in the accumulation phase. I can see a giant cup and handle forming so it's a good time to accumulate now while its at the bottom of the cup. Not Financial advice.
GALAUSDT
GALA - THE GOLDEN BOX🎁Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This is Gala’s accumulation phase. This consolidation started 4th March, 2022. Price has been ranging within $0.21 & $0.24.
Inside this golden box, we have smaller boxes too. One special feature of Gala is that after it consolidates, it breaks out and pump hard.
Here is how the first gala consolidation turned out
Therefore, after a successful breakout from this golden box, I expect a great pump to gala all time high at $0.84 and above it.
What do you think?
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GALA/USDTAbout to Break out up ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GalaFrom the chart;
We have a Descending Triangle Formation, and we are trading very close to the edge of the triangle towards the base of the triangle. The higher timeframe trend is bearish, but only after it breaks the support at the $0.19 range before we can confirm a further downtrend on the 4Hr chart. Also if we factor in RSI, price is forming a Lower Highs and Indicator is Higher Highs, confirming the bearish pattern.
Price could equally go in the other direction, but to confirm it's bullish it has to break the resistance at $0.27 and $0.35 region.
Note: I am new to charting and open to corrections, thank you.
GALA.Usdt (Y22.P1.E1).When to shortHi All,
Like most charts now, its difficult to find an entry.
We have a 50/50 chance to go either way, just like BTC .
If it breaks below, then its worth the trade and have a tight stop loss as it could be a fake out.
Just depends how it does it.
The structure is like a reversal but one can't be sure of anything when it comes to these formations.
I did miss that move to the upside as I wasn't watching it when that hour was needed.
All the best,
S.SAri
GALAGALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit.
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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GALA/USDT SCALP TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this GALA/USDT SCALP setup. GALA looks good here.
Breaking out from a triangle and retesting are also done. Buy some here and add more in dips.
Entry range:- $0.21-$0.217
Target10-15%
SL:- $0.204
Lev:- 10x
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GALA/USDT 1D UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#GALA/USDT MAKING THS triangle pattern and lying on very strong support.
ENTRY- $0.215 - $0.206
TARGET- 100%
SL- If it breaks and closes below the $0.203.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
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