🔥 GALA In A Huge Triangle: Another Bounce!In my most recent GALA post I talked about the massive triangle that GALA is currently trading in. My expectation was that we'd go down to retest the bottom support and reversed from there.
In my view, we're likely to see a bounce towards the top resistance.
If BTC will stay bullish/neutral, we might see a break out of the triangle pattern. Will come back to this analysis if that's the case. For now, the top resistance is the target.
GALAUST trade ideas
GALA going upperThe instrument is in a downtrend, the lows are updated, the volumes are decreasing, these grounds indicate a loss of buyer's interest in pushing the price up, while the chart shows the seller's global downward dynamic pressure. Against this background, a short breakout level has been formed with several touches, after which I expect the triggering of stop orders that will give an impulse for a breakdown.
🔥 GALA Triangle Analysis: Moving To ResistanceIn my most recent GALA post I talked about the massive triangle that GALA is currently trading in. My expectation was that we'd go down to retest the bottom support and reversed from there.
In my view, the reversal has been started. I'm looking for a move towards the top resistance of the pattern. Ideally, we will break through that resistance area with a big green candle, but that's for later.
For now, the yellow area is our target.
GALAUSDT POSSIBLE LONG SETUPGALAUSDT is showing clear signs of a rise, for this reason im Bullish, in addition to the buying volume that has increased immensely in the last few days, we can see that it has broken out of the falling wedge and the SMA of 200 and the SMA of 20 on the daily timeframe, in addition to that it has made a bullish engulfing exactly at the bottom edge of the falling wedge.
I'll wait for confirmation and update this idea.
Gala Long to $0.11402Hi guys, I am long on Gala based on the following TA
Wave 1 high of 0.05064
Wave 2 appears to be an expanded flat correction (3 down, 3 waves up exceeding the high of wave 1, followed by 5 weaves down).
Wave 3 may be in play with wave 1 being put in and the retracement of wave 2 down to the 0.618 Fib Level, we are potentially looking for a bounce here in to Wave 3 of 3.
Wave 3 price extension to 0.11402 range which coincides with the 1.618 fib area and also a weekly resistance level.
It is too early to confirm we are in Wave 3, for confirmation would wait for price to break the high of wave 1. This analysis will be invalidated price falls below 0.02993 or if we fail to break the high of wave 1.
Trade entry long GALA / USDT 🙌🔥Trade entry long GALA / USDT Big Correction and Big Boom 🙌
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