GALA token forming bullish BAT for upto 25% pumpHi dear friends, hope you are well and welcome to the new trade setup of GALA token with US Dollar pair.
In previous trade setup, the priceline of GALA was moved slightly moved down than buying zone, however, recovered soon and pumped more than 26%.
Now this time on a daily time frame, GALA is about to complete the final leg of a bullish BAT pattern for another bullish reversal move soon.
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
GALAUSDT trade ideas
GALA Bearish TriangleThe instrument, after a recent pump, was poured into the volumes of buyers, which are now declining, thereby moving into accumulation (balance). In the trading range, the price approached its local lows, accompanied by declining loyalties. There was an approach to a downward slope, but there was no sharp reaction from the buyer during the long period, which may indicate its absence or weakness. Now the price is forming a trade in the support zone of the round number 0.46$ I expect the continuation of the local short with activity in the glass
GALAUSDT is ready for the breakout?The current price of GALAUSDT is testing a dynamic resistance level in the $0.05 area where the market also has a static daily resistance level. Additionally, the price is creating an inverse head and shoulders pattern, which is a technical chart pattern that may indicate a potential trend reversal from a downtrend to an uptrend.
An inverse head and shoulders pattern consists of three distinct troughs or valleys with the middle trough being the lowest, forming the "head," and the two outer troughs forming the "shoulders." The middle trough or the "head" is typically lower than the shoulders, and the pattern is completed when the price breaks above the "neckline," which is a trend line drawn connecting the high points between the shoulders.
If the price of GALAUSDT is able to break out from the neckline of the inverse head and shoulders pattern and the market satisfies Planctonโs rules, it may be a signal for a long position. To satisfy Planctonโs rules, a trader may have a predetermined entry price, set stop loss and take profit levels to manage risk and maximize profits, and monitor the price action for any signs of a trend reversal or invalidation of the initial analysis.
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Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ black structure -> <= 1h structure.
โโโโโ
Follow the Shrimp ๐ฆ
GALAUSDT future for 2.5%/25% Absolute X3My recommended trades are based only on the uptrend of the market.ย It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit.ย And only losing trades will remain open until they are liquidated.ย This trading strategy is backtested and works only in an uptrend.
How Much Juice Left for GALA?You can clearly see a Bullish Ascending Triangle formed on the Daily chart
Price is perfectly rejecting 200 Daily EMA , and if it breaks above, ~$0.07 is a good target
If BTC consolidates/moves up, &/ there happens to be a good fundamental news for GALA , you can expect those red lines above to be hit
If BTC does a major correction/pullback, then expect this technical analysis to be invalidated
Happy Trading!
Not a Financial Advice.
GALA triangle pattern and more range ๐๐ก๐Hello ๐
Based on the chart, the price is in the parallel channel and close to the channel support area, and triangle pattern โ๏ธ
if
the price doesn't break the support zone to the downside, we will see more gain ๐ฃ๐
otherwise
we can see more correction to lower support level โ๐งจ
if
breakout of the upper resistance zone be completed, we can see more pump to the upside โ๏ธ๐
๐ Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) ๐๐ก
Please, feel free to share your point of view, write it in the comments below, thanks ๐
GALAUSDT future for 5%25% Absolute X5My recommended trades are based only on the uptrend of the market.ย It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit.ย And only losing trades will remain open until they are liquidated.ย This trading strategy is backtested and works only in an uptrend.
๐ฅ GALA Bounce Trade: High Probability SetupGALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range.
As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal.
I'm looking at the blue lines for potential profit targets.GALA has seen massive gains earlier this year. However, since GALA stopped going parabolic it has been trading largely within a well-defined range.
As of now, GALA has successfully bounced from the 0.42 - 0.44 support area. This, combined with the 4H RSI being oversold gives us a high probability setup for a reversal.
I'm looking at the blue lines for potential profit targets.
GALAUSDT might moon very soonSo far so good. We can see some bullish consolidation at 0.0427 โ 0.0428 and now keep going straight up.
Breaking a large fractal of 0.0558 will affect up movement to lead us in the area of 0.0728
Anyway, the market decides. But after we reach 0.0728 there is a very powerful resistance and we should be very patient at this point.
If we break 0.0728 next station is 0.09