GALAUSDT - broke the trendHello everyone. According to GALAUSDT, the situation is as follows: the trend line has been broken, so I expect a hike at least to the level of 0.041. By the way, many coins have broken their short trend line and therefore it would be logical to grow. We will put the stop at 0.03664.
GALAUST trade ideas
GALAUSDT likely heading towards weekly support around 0.02525The price has broken previous weekly support (marked as PWS on the chart). After breaking that support it retested the support a couple of times but got rejected. Now price is trading under that broken support zone is likely to head towards the next daily and weekly support zone (marked as DS+WS1 on the chart).
Special analysis of the Gala coinSpecial analysis of the Gala coin
Because of the choice of the currency is that the currency corrected 50%of the wavelength +the currency in the logic of strong demand and support.
Currently, the currency is standing on important support 0.030 in the event of breaking support. We return to the 0.02 and 0.015 regions
In the event of a strong focus on support and not breaking it, the currency will be visited by the areas shown in the drawing
Good luck, your profit for you and your loss on you
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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.