Galaxy Surfactants: Bullish Wave 5 in MotionTechnical Analysis of Galaxy Surfactants
Elliott Wave Analysis:
Galaxy Surfactants is exhibiting a classic Elliott Wave structure on the weekly time frame. The stock has successfully completed waves (1), (2), (3), and (4), and now appears to be unfolding wave (5). Within wave (5), we have finished waves 1 and 2 and are potentially starting wave 3 on the daily time frame.
Key Levels:
Invalidation Level: The low of wave (4) at 2221 serves as the invalidation point for this bullish wave count. If the stock price falls below this level, the current Elliott Wave structure would be invalidated.
Target Levels: Based on the wave structure, the potential targets for wave (5) are in the range of 3500 to 4000.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is positively aligned on both daily and weekly time frames, indicating bullish momentum.
RSI (Relative Strength Index): The RSI is also showing strength, being positively aligned in both daily and weekly time frames. This supports the view that the stock is in a bullish phase.
Wave (5) Characteristics:
Wave (5) in Elliott Wave theory often represents the final leg of the primary trend. It is usually characterized by strong momentum and can sometimes extend to unexpected levels, especially if wave (3) was not the longest wave. The unfolding of wave (5) suggests that Galaxy Surfactants has significant upside potential.
Conclusion:
Galaxy Surfactants is showing a strong bullish setup according to Elliott Wave theory. With the stock potentially starting wave 3 of wave (5) and supported by positive MACD and RSI indicators on both daily and weekly time frames, the outlook is highly positive. The invalidation level is pegged at 2221, with targets towards 3500 - 4000 levels. Investors should monitor these levels closely to confirm the wave structure and potential continuation of the bullish trend.
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Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
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If you treat like a hobby, hobbies don't pay, they cost you...!
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RK💕
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Galaxy
GALA is in the critical PositionAccording to the Chart Gala is in the bottom of the Triangle an it can goes in both direction. if the dynamic support line break out we can have a bearish move in Gala , and if the dynamic support line do his job and then break the dynamic resistance line we can have bullish move up to the ATH resistance level.
we should wait and see what will happen in the near future.
good luck, please like , comment and share to support us. Thank you
What stocks have ETH on their books ahead of The Merge? Ethereum's long-awaited “Merge” is expected to occur around Sept. 15, and is heralding fresh interest for the platform as it transitions to proof of stake from proof of work.
The Merge is considered as the most significant upgrade in Ethereum's history that is expected to reduce the platform's energy consumption by 99.95%.
Considering the benefits and the risks associated with the upgrade, a lot of cryptocurrency and stock investors are cautiously waiting its implementation.
The Benefits vs The Risks
The Merge will is expected to eliminate the need for energy-intensive mining and instead secures the network using staked Ether, the platform's signature currency and the second-most valuable digital asset after Bitcoin.
The process is tipped to pave the way for scaling upgrades and help solve Ethereum's biggest problems, which is the substantial fees required to use the network.
Unfortunately, along with the benefits come the dangers of proceeding with The Merge.
What Ethereum is attempting is a complicated process, which is probably why it has been delayed for years since it was unveiled more than eight years ago. Crypto venture investor Christopher Calicott said "any time you're making changes to a complex system, there must necessarily arise unintended consequences."
Chandler Guo, a crypto industry veteran who leads a group opposing The Merge noted that "it's very difficult. It's very dangerous." According to some crypto experts, a change of this scale could also make Ethereum vulnerable to hacks or other disruptions.
Public Interest
There are 12 public companies with Ethereum on their balance sheets, holding a combined 212,513 Ether.
However, most of these entities are not on major recognisable exchanges. The exceptions being Coinbase Global (NASDAQ: COIN), BTCS (NASDAQ: BTCS), Meitu (HKG: 1357), Galaxy Digital Holdings (TSE: GLXY), and Mogo (TSE: MOGO).
The remaining seven entities, which can be found in over-the-counter or smaller exchanges focused on promoting black-swan type firms, include: Neptune Digital Assets (CVE: NDA), Ether Capital (OTCMKTS: DTSRF), HIVE Blockchain Technologies (CVE: HIVE), BIGG Digital Assets (CNSX: BIGG), Digihost Technology (CVE: DGHI), FRMO (OTCMKTS: FRMO) and Cypherpunk Holdings (CNSX: HODL).
Considering the scale of The Merge, it could either make or break some of these small cap companies, as well as retail users of one of Ethereum. Failure of the upgrade could imperil thousands of crypto applications that operate using Ethereum, which collectively handle more than $50 billion user funds.
Because the process is surrounded in much uncertainty, a lot of the predictions for what will happen once the upgrade is started are rooted from speculations. Regardless of the result, The Merge brings about plenty of attention to Ethereum and some traders are expecting the lead-up to the upgrade will see Ether prices rise in the short-term to between $1,850 to $2,000, Blockworks reported.
Ether has already outperformed bitcoin in the past few weeks due to hype surrounding the upgrade. The number two crypto is up around 47% over a 50-day period to about $1,500 on spot markets, while bitcoin remains relatively flat, trading near $20,000.
GAL SqueezingEntering position at 2.85$ with an immediate SL at 2.67$.
First target 4.2$, then 6$, 8$ and 12$.
BB on 4h and Daily are squeezed hard. RSI was inside a chanell and pushed up.
Aswell has a chance to dump if btc drops right now.
As we know : BB squeeze usually you enter the trade depending on the direction of the breakout.
Project Galaxy GALIt's been stuck in this channel since release.
If my research is good, this project will be very profitable: Web 3, a ton of campaigns with BNB + CMC, NFT's, etc.
I've started to buy at 11.5$, then 8$ then 6.3$ and will keep adding if it goes to 4.5~5$ or lower. For now, my average price is 8.9$
Not advice for anyone. The chart is for me to check months after how it went ))
GAL/USDT EMERGENCY ALERT 🚨 Hey Traders,
Showing A massive crash if we loose the Demand below $4. Trade wisely use stop loss above $4.5. Please wait till it breakout downside.
Share Your thoughts. Not Financial Advice Just informing what I see.
Cheers 🚀
Reverse Head & Shoulder ReversalGALA looks like it's ready to prime itself with a beautiful reverse H&S!
If it can break the neckline at 0.83, it's possible to see it reach the local high of 0.91.
If it fails to break the neckline POC, a tumble back to 0.79 and below is possible.
Not financial advice - Just what I'm doing.
$GAL/USDT 1h (#KuCoin) Descending channel breakoutProject Galaxy is the new Binance Launchpool and just regained 50MA support, looks ready for another leg-up!
⚡️⚡️ #GAL/USDT ⚡️⚡️
Exchanges: Binance, KuCoin
Signal Type: Regular (Long)
Current Price:
10.750
Entry Zone:
10.678 - 10.002
Take-Profit Targets:
1) 12.353
2) 14.375
3) 16.397
Stop Targets:
1) 8.582
Risk/Reward= 1:1.15 | 1:2.3 | 1:3.45
Expected Profit= +19.47% | +39.02% | +58.58%
Possible Loss= -17.00%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 week
Tags: #GALUSDT #Galaxy #Web3 #MVB #Oracle #Creation #DeFi #BSC
Website: galaxy.eco
Contracts:
#ERC20 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
#BEP20 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5
Gala moves just like before .. LOOKsee the charts behave in the past...
the price just behave like before that was in the triangle...
and Also We have RSI dynamic Support
and Stoch is in the oversold Area
but the difference is the moves are in larger scales.
I Hope BTC helps GALA for the Next PUMP...
SENSO BULLISH MORE THAN 500% COMINGKUCOIN:SENSOUSDT SENSO BULLISH MORE THAN 500% COMING'
After analyzing the chart, we find that we have already reached the bottom and the biggest resistance was at 0.54
And we see a strong bounce from this price
In the long term, we find that we have approximately 500% of the current price before us
So, long-term investment in this project will be very profitable
Especially with the stability and rise of Bitcoin and the crypto market
Also, Senso's team began implementing the project with clear steps and with great performance
It is also likely that the promotion will start with the implementation of the roadmap, and it will be strong.
It is worth noting that the Senso coin is affiliated with the well-known sensorium Galaxy company, which is interested in the field of virtual reality and metaverses, and the global Metaverse company (Facebook) expressed its admiration for the project in an official tweet on the Twitter site.
More about Sensorium Galaxy
Currency symbol $Senso
sensoriumxr .com
t. me/sensotoken_chat
twitter .com/SensoriumGalaxy
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.
Elliott Wave Analysis: Who Is Driving Bitcoin?Hello traders and investors!
Today we want to show you who is potentially driving Bitcoin. Mike Novogratz's Crypto firm Galaxy Digital Holdings is just one of big investors who are responsible for the price of Bitcoin.
As you can see, there's a nice positive correlation between GLXY and BTC and if we consider a big A-B-C correction from April highs, then wave C can be already in progress.
We also have a nice bearish divergence, where BTC has reached new all time highs, while GLXY didn't, so if we consider that GLXY is trading in an A-B-C zig-zag correction, then BTC could be easily trading in an expanded flat correction.
The main reason for more weakness in the upcoming days/weeks is current sharp decline back below channel support line that can send the price all the way back to July lows.
Be humble and trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
galax usdt analysegalax usdt analyse
time frame 4 hours
you can see pump of price when it break the triangle as you see on chart
fundamentally Galax is a good coin and has good future for hold (HODL)
GALAX can be good and can be very bad KUCOIN:GALAXUSDT
Keep eyes on it 👀🕵️👁️
Don't forget Financial management and step
by step purchasing 💹💰💵💲
Please follow me 🙏🥺
Please leave comments 🗨️💬
Like and share with your friends 👍💑
I hope you enjoy ☺️🌈🎉🎊🎁
GALA/USDT 4HOUR UPDATE Welcome to this quick
Gala/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- trendline bounce and 100ma
Entry:- cmp And buy the dip in green zone
Traget:- 30% to 35%
Stoploss:- $0.08134
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
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Thank you...
A Clear price target for ETH @ $2900I ran the Lambert-Eaton myasthenic Algo and the price targets are quite OBVIOUS! Jump in before it starts to move. The Fibonnaci retracement at 0.632 levels as well, and the volume is drying up as the price continues to falls as we hit the weekend. There is only one way I see this playing out...
Swing trade/Buy point For long termCurrent price for this stock looks like it will hit 16.00 after which it will break out in either direction because the fundamentals are good and the stock is undervalued (within it perspective industry) I speculate that it will have a bullish take off one hitting this level of support which happen to be a level on the Fibonacci. Also the RSI show that it still has some room to go down before it is oversold thus furthering my speculation.
Feel free to give me your opinion, or add anything.
Thanks