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GALUSD

GALUSDT On the Edge of Another Explosive Bull Rally? Yello, Paradisers! Are we on the verge of a major move for #GALUSDT? Let's dive into the key levels and potential scenarios to watch out for. 💎#Galxe has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. The POC of VRVP is acting as a significant support for #GAL, providing a solid foundation for potential upward movement. 💎 AMEX:GAL is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish Order Block (OB) around $1.980 could be on the horizon. This area is packed with liquidity and could propel GAL towards a breakout. 💎If #GAL can break above the descending resistance, supported by the liquidity at $1.980, we could see a strong bullish move toward the major resistance zone around $4.000. 💎Should the current resistance hold, we might see a retest of the key support level at $1.680. This retest could provide the necessary rally for a breakout. If the key support at $1.680 fails to hold, #GALUSDT could face increased bearish pressure. Remember, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
GLong
by MyCryptoParadise_Simon
Galxe (GAL): Will we see a rebound to $5.85?Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level. The most significant volume node, where the bulk of trading has occurred, is around $3.35. This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range. Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,
GLong
by freeguy_by_wmc
1
GAL LOOKS VERY BULLISH (1D)It looks like a double correction has ended (zigzag + triangle) In the second part of the correction, after wave X, we have a bullish triangle, which now looks like its wave E (which is a contraction triangle) is ending. Demand range is the right place to enter buy/long position. We have specified the targets on the image. Closing a daily candle below the green box will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
GLong
by behdark
GALXE --- #GAL Inverse Head & ShouldersI mentioned GALXE as a new altcoin to keep an eye on at the start of 2023 And it has been a solid if not spectacular performer since than. It has now formed a inverse head & shoulders with the Neckline at $2.8 we are going to have a mega #ALTCOIN rally!!!!!!!!! Imminent. I believe. Right now. Whatever #ALTS you have make sure to lock in some profits as we charge up. (whether back into BTC or ETH or SOL) A granny will sell half on a double till infinity. on the other end of the scale selling 10% after a 10X It's all personal of course.
GLong
by BallaJi
5
A Deep Dive into GAL's Market LandscapeLet's delve into the ins and outs of GAL's price performance. We'll start by checking out the one-hour chart, which offers some clear insights into the asset's present condition. GAL's Fibonacci retracement levels are sitting at 1.226, 1.148, and 1.069. These levels are derived from key swings in price, and traders often watch them for potential resistance and support zones. The Bollinger Bands, which measure GAL's volatility, range from 1.033 to 1.216, with the middle band smack dab at 1.125. If GAL’s price continues to hover around the upper band, we might see some bullish momentum in the short-term. On the sentiment side, the Relative Strength Index (RSI) is reading 72. This suggests that the asset is inching into overbought territory, which could mean a potential price correction on the horizon. The volume oscillator, currently at -9.33%, signifies a decrease in trading volume. That could impact GAL's price trend, making it less robust. The Stochastic oscillator stands at 82, echoing the overbought market condition reflected by the RSI. The On-Balance Volume (OBV) indicator, which relates volume flow to price changes, shows -3 million. This might point towards selling pressure, while the MACD (Moving Average Convergence Divergence) reading at 0.035 signals potential bullish market sentiment. These contrasting indicators suggest a mixed market mood, urging traders to tread carefully. Now, let's talk prices. GAL currently trades at 1.198, a commendable 11% surge in the last 24 hours. Its 50-period Exponential Moving Average (EMA) sits at 1.090, reflecting the current uptrend. Zooming out a bit, from May 24th to June 5th, GAL consolidated between 1.3 and 1.39. After this period, it dropped to 1.148, bounced back to 1.226, dipped again to a low at 0.885 before rallying back up. Pivot to the 4-hour chart, and the Fibonacci levels adjust to 1.362, 1.1, and 0.837. These new levels suggest a stronger resistance at 1.362 and robust support at 1.1. To wrap it up, GAL's market situation is a bit of a mixed bag. While the current uptrend and MACD readings hint at possible bullishness, the RSI and Stochastic point towards overbought conditions, suggesting potential price pullbacks. Additionally, the reduced trading volume and negative OBV may inject some uncertainty into GAL’s price movements. As such, investors and traders should exercise caution and stay alert for signs of change. Remember, the best approach balances technical analysis with fundamentals and broader market conditions. Keep your eyes open, and happy trading!
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by ShawnMCR
5
GAL is still bullish however expect a correction soonGAL is currently experiencing a bullish trend, which is great news for investors. However, there are signs that a correction is looming on the horizon. The asset has become overheated and is due for a cooling off period. This correction could take the form of a short-term dip, but it's important to be aware that it's just another bearish cycle that will hopefully not last for long. Despite this temporary setback, the long-term outlook for GAL remains positive, and investors should not be discouraged by this correction. By exercising patience and caution, traders can take advantage of the upcoming correction and position themselves for future growth.
GShort
by SharkNumbers
Galxe GAL price out of the downtrend, what is the growth goal ?From the description of the Galxe (GAL) project, we can conclude that the project was built by a team with experience for future development in the WEB3 direction. The only obvious thing that the project creators miscalculated was the moment of listing, when the crypto market was in the active stage of a downward trend. Or maybe it was intended that way?) In fact, from the moment of listing to the present day, the price of GALUSDT has been in a downward trend. And today, buyers loudly "slammed the door" and said goodbye to the downward trend. They broke up the trend line in a big way, with the price rising by 50% in a few hours However, the price hit a strong liquidity zone of $2.20-2.40 , which, in our opinion, will not be able to break through the first time. A correction to the $1.35-1.50 zone is possible , where it will be more confident to buy GAL for a medium- and long-term portfolio. The first medium-term target that can be seen from above is $4.25 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
38
Project Galaxy (GAL) formed bullish Gartley for upto 15.50% moveHi dear friends, hope you are well and welcome to the new update on Project Galaxy (GAL) token with US Dollar pair. On a 4-hr time frame, GAL has formed a bullish Gartley move. There is also a bullish divergence as the priceline is forming a lower low but RSI is setting a higher low. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GLong
by moon333
GAL Technical Analysis After breakout GAL has broke out of the triangle pattern on chart a few days ago, and has recently broke out of the bull flag, due to a strong trendline(blue in chart). However There is a resistance at the $3.400 area, and GAL will need to break this to continue the new move. The RSI has a bullish Divergence from a few weeks ago. An interesting thing is also an RSI ATH in the 4H chart. The 9 EMA has been trailing nicely in the past candles except when price fell back to the blue support. The breakout volume is strong in lower timeframes, although not in the 4H timeframe as of the moment. A good first TP when Long will be at the 0.236 Fib at $3.625, then the next TP will be at $4.000, a "milestone number". Stop loss will be at $2.800-$3.000. You can also short the resistance, although you may be going against the trend. If you intend to trade this, please do your own analysis first. If bitcoin continues going sideways/breaks out, the likelihood of this hitting the TP is stronger. Again, do your analysis first when trading, and have a good day.
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by Trader_ph