GALAUST trade ideas
GALA : Sell Disclaimer
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TRADE OF THE DAY | GALA Potential 5.6%TRADE OF THE DAY | GALA Potential 5.6%
| Targets On Chart
Failed to break long term trend line and confirmation of a break down on the RVD - there is also a break down in the local trend ALT's are bleeding at the moment any way so shorts in general are quite favourable.
GALA price is on the verge before a big increase The GALA price is probably tamping the "bottom" now.
If we look at the full trading history of GALAUSDT and apply Elliott Wave Analysis, we get the following:
(1) a sharp wave of growth occurred in early 2023 and brought the GALA price out of a prolonged downward trend.
(2) a protracted six-month correctional wave in the A-B-C format probably ended in June 2023
(3) the 3rd wave, which is considered to be the largest/longest, is probably just emerging.
The GALAUSD price has a tough upward path ahead.
$0.07 is a strong mirror level, above which a dense liquidity zone begins.
We currently assume that the GALAUSDT price will be able to rise to $0.11-0.13 in a few months (x5-x6 from the current price). However, depending on the growth pattern, pace, and other inputs, the targets from above may be recalculated. In this case, we will update the GALAUSDT idea.
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✴️ Gala Games Very Strong (New High Within Weeks)We've already seen how everything is moving up, no surprise... We are seeing bullish momentum starting to build up across the market; This is only the beginning.
The truth is that you haven't seen nothing yet.
We haven't seen anything yet... This is truly the beginning of this bullish wave.
We will see the Altcoins grow for weeks, can even be months, so imagine the potential.
GALAUSDT produced a higher low in June '23 vs Dec. '22 while most of the Altcoins produced a lower low. This is a signal of strength.
On the daily timeframe, GALA is already trading above EMA10 and EMA21 with a strong/bullish RSI.
We have now doubt that there will be more, higher highs follow higher lows.
That is all for now.
Thank you for your requests.
Thanks a lot for your continued support.
Namaste.
#GALA/USDT - Long - Potential 7.08%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_GALA
Exchange: BINANCE
Timeframe: 360
TP1: 0.02527
Entry: 0.02362
STOP: 0.02197
Entry Conditions:
| Trendline Break
| Bullish Volume
| RVI Trend & Resistance break
Risky with BTC dominance spiking so be careful. I'm chancing it as it has already moved positively against the ALT market liquidity drop.
🔥 GALA Losing Support: Trigger Ready!GALA has been consolidating around the purple support for almost a week now. As it looks now, the price is eager to go lower and make new lows.
I'm patiently waiting for the price to make new lows. If we can close the candle below it, the expectation is that the bear trend will continue in the near term.
Stop above the most recent lower-high, target at 0.022
Gala deep fill, possible target 16.6cCurrent drop of Gala to 1.8 support shook a lot of people. Maybe some will never buy again.
I myself am seeing this flush as a good thing, as now the price is lower and the possible rises would be even more welcomed from lower.
I believe its possible here to start a move to 16.6 cents pivot for the long term, right now we are in an extremely oversold area and I am looking for the trade of the century, before the others sniff it out.
Good luck everyone and bears, keep shorting maybe you will win! But that reward long seems too good to miss - 2 cents to 16 cents massive potential.