GALAUSDT trade ideas
possible head and shouldersits possible that gala is forming the right shoulder of a head and shoulders pattern with a target around 0.026.
it would also be the 0.786 fib level from the low to previous high. with all the fear and inflation numbers and the rate hikes i think its very possible to play out. this pattern would be invalid in my personal opinion at 0.03625
GALAUSDT LONG/SHORTGALA tested 100MA on 4hr yesterday after much correction
giving us a massive and insane bull run 4X in Jan....
.618 and .5 to be a good accu Zone and a cross(GOLDEN) is expected at daily
buy all dips ... Now its a better entry which will be taken as launchpad to .08....
Never a financial advice .....
if i am wrong, plz drop a msg n correct me...
Thank You...
GALAUSDT is inside the descending channelGALAUSDT has recently experienced a breakout from its weekly resistance level in the 0.05$ area. However, the market has since formed a descending channel, indicating that the price is currently experiencing a downward trend.
The descending channel is characterized by a series of lower highs and lower lows, with the price bouncing between two parallel trendlines. The upper trendline acts as a resistance level, while the lower trendline acts as a support level. As the price approaches the support level at the 0.04$ area, traders will be watching closely to see if it breaks through or bounces back up.
As per Plancton's Rules, traders will be waiting for a breakout from the descending channel and static resistance level before considering a new long position in GALAUSDT.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Gala Games ($GALA) - Almost there..I shared this setup back in January and said I wanted to long in green - we are nearly there.
Lost high time frame resistance block (red) and now nearing my target high time frame gap (green) after a month and a half.
I was patient with this one, stood my ground, and should get the opportunity I've been planning for.
I will not blindly long this zone however - will depend on the reaction, structure and market environment.
Cheers
🔥 GALA Falling Wedge: Wait For Break OutGALA was one of the first altcoins to rise in January, but also one of the first to top out and fall.
During GALA's bearish move over the last 5 weeks, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns.
I'm waiting for a bullish break out before considering a position. Keep in mind we can reverse from the top resistance. Targets in blue.
Gala Short to 0.02675On this fibonacci analysis it shows the bears might be heading towards the 236 fibonacci retracement down at 0.02675 area. If we find support there would be a great place to build longs.
Today there was a sell signal and I dont believe we recover before we hit some bigger support on much lower number. I wont be buying until my target gets hit or I see a convincing buy signal.
Next possible support above 2675 is 3200, which might give us a temporary bottom. I'd like to be ready with a short from higher so I can withstand that.
GALA USDT - Just an idea* its just an idea and not a pro advice *
I believe to Gala potential but note sure about the exact time and price, Gala can touch Fib 0.786 soon if the price do not cross from the 2H support line (Current 0.051) after the previous Pump.
If Gala pass the mentioned support and RSI break down the trend line, we could expect the Price comes to 0.0402 (Fib 0.236) and by touching the MA 200 daily, go for 0.382, 0.5 and finally 0.786 Fib.
I will appreciate you to share your opinion
BINANCE:GALAUSDT