Gala
gala/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
My bottom call was hella off. Shit went way lower than my predictions. The chart is still on the 4h timeframe, it looks like we've bottomed out and its in the accumulation phase. I can see a giant cup and handle forming so it's a good time to accumulate now while its at the bottom of the cup. Not Financial advice.
GALA - THE GOLDEN BOX🎁Please support this idea with a LIKE👍 if you find it useful🥳
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This is Gala’s accumulation phase. This consolidation started 4th March, 2022. Price has been ranging within $0.21 & $0.24.
Inside this golden box, we have smaller boxes too. One special feature of Gala is that after it consolidates, it breaks out and pump hard.
Here is how the first gala consolidation turned out
Therefore, after a successful breakout from this golden box, I expect a great pump to gala all time high at $0.84 and above it.
What do you think?
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GALA/USDTAbout to Break out up ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
GALA.Usdt (Y22.P1.E1).When to shortHi All,
Like most charts now, its difficult to find an entry.
We have a 50/50 chance to go either way, just like BTC .
If it breaks below, then its worth the trade and have a tight stop loss as it could be a fake out.
Just depends how it does it.
The structure is like a reversal but one can't be sure of anything when it comes to these formations.
I did miss that move to the upside as I wasn't watching it when that hour was needed.
All the best,
S.SAri
GALAGALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit.
Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446.
Theory #1
GALA bounces off 0.23446, it can go parabolic again and break through the GP.
Theory #2
GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt.
There's no strong change in Volume, so both Theories are in play.
I'm watching GALA on an 8M chart as it approaches 0.23446
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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GALA/USDT SCALP TRADE SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this GALA/USDT SCALP setup. GALA looks good here.
Breaking out from a triangle and retesting are also done. Buy some here and add more in dips.
Entry range:- $0.21-$0.217
Target10-15%
SL:- $0.204
Lev:- 10x
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GALA at the apex of the bigger Symmetrical triangle Here's a quick look at GALA 12 hr chart. As we can see, the price has printed a bigger symmetrical triangle and we could see a break to either sides soon. Definitely one to keep an eye on.
The best entry would be, when the price breaks above the symmetrical triangle (Approx. 0.232$) with good amount of volume .
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The idea is: Buy when the price breaks above the symmetrical triangle (Approx. 0.232$) and take profits at the levels shown in the chart.
Targets:
1. 0.29$
2. 0.35$
3. 0.4$
4. 0.475$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
GALAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has hit the resistance line several times and was rejected. If the price is rejected again, it will fall down to the support zone. If the resistance line is broken, the price can go up to its next resistance zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
GALA to make full recoveryI expect GALA to either continue correcting towards 0.15-0.16 and create an upwards momentum or if BTC doesn't go down more from it's current level then a quick recovery is in the works. I believe this coin is very undervalued at the moment. DCA down for spot hodling or watch for confirmed break out when trading.
Remember this is my on personal view and analysis. Rely on your own research before taking any trades.