GALA moved 30% today.GALA moved about 30% up today and was mentioned on the top gainers' list.
The price is inside an ascending channel, and after touching the bottom of that channel, it gets a pump and reaches the top of it.
There are three support areas on the way down and one resistance on the way up; the price will continue to increase inside this ascending channel for now.
I'll update this chart when the price comes around the solid resistance.
Do you agree with this chart? Let me know if you do, and if not, challenge it.
Thank you for your time; I hope this was helpful.
GALAUST trade ideas
GALA short idea (again)the same ideea i had for the past few days but got sstopped out because 1: i was to early . and 2: still not waited on enought conformation but anyway... that MF stoppe A LOT of shorts out a few times.
so here im back witn another analyse, a bit diff as the past on nut this on, simple to understans.
this is how im trading it at the moment. when that thing stops me out 1 more time.... i will not look at gala for a long time haha.
GALA Echo bubble targetsGALA, when it pops, pops extremely violently. You blink and it's done a 9x.
Now that it is over the 200ma, some very interesting things can happen. Bearish bias is wiped out, and momentum will begin to markedly shift.
I've set some targets for a potential echo bubble around .15, .19, and .29, assuming we don't see the same strength as we saw during peak bull euphoria.
There's some news about a 500M quarterly burn that could help sustain in this resistance area.
GALA good potential short tradeas we see since the ppumps in gala is has reached the POC on bigger timeframe.
so mostly time to corrrect.
i drew fib from where the volume came first time to the high and the 0.5 looks very intresting.
1 : the 2 touches where the 2 white arrows are pointing to
2 : that area is just a little below the VAL (volume area low
3 : also VAL from a bigger timeframe
4 : its almost Exact the 0.5 fib.
Please i would like to know what other analysts think about this one.
i would appreciate a comment (good or bad i dont care haha) :P
for me thats enought confluende to take the short but also maybe a long from there ( i dont know yet! )
have a nice day ya'll.
GALA Forecast and Idea✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
GALA/USDT on a major zoneHey Traders!
Another one we would like to talk about is going to be GALA coin. Well we have approached this major resistance zone for this coin which finds it hard to break (But still doesn't give up) We have here pretty much two possible scenarios where both of them will be determined one we see if resistance will be strong enough to hold or weak and let the price to pass!
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A SCHEMATIC DISTRIBUTION SETTING
i can clearly identify a change in trend and a ranging market. with the help of a channel i identified price ranging within the channel, so i expect price to play a full schematic distribution settings before continuing with the current trend. it all depends on the #BTCUSD trend and fundamental bias. BINANCE:BTCUSD
GALAUSD Monthly S/R| Higher Low Pull Back| .618 Fibaoncci|OBEvening Traders,
Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Order Block support
- Key Swing Low
GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci, allowing for a bearish bias.
The immediate objective is the lower Bullish OB, this area has the .618 Fibonacci support and a key swing low
Holding this area will allow for a potential higher low, and a long position
Overall, in my opinion, GALAUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
🔥 GALA Rising Wedge: Wait For TriggerGALA has been one of the leading bulls over the last few weeks. However, a rising wedge pattern has emerged on the chart. Rising wedge patterns are classically bearish reversal patterns.
I'm waiting for a break of the bottom support of the pattern. Targets in blue.
Be patient for the break out, it might very well be the case that it won't come at all and that we keep moving up.
After all, I think that GALA will continue to move up over the next few weeks.