GALA: Falling WedgeAfter more than a 60% drop from its all-time high, GALA is tightening up in a falling wedge pattern. This pattern is bullish.
Once BTC starts to show strong reversal signs to the upside, we should see a strong push on the alt coins as well.
This is not financial advice. These are just my ideas and opinions.
GALAUSD
$GALA Bull Divergence on 4H Timeframe$GALA Bull Divergence on 4H Timeframe. Chart shows possible pathways to Resistance and Support Levels.
GALA 66,5% chance on breakout - since the breakdown trendHello trading friends,
Depending on low time frames study trends, Gala shows the interesting trend for a chance of breakout, of course, you should not go on this technical study trend as the chance are 66.5% - always study your trends well.
Like the Chinese trading do - the red chart is green, and the green is red, - Gala is an example here.
into the chart showing an example of huge breakout - but we can speak about the breakout of increase of 15% +
# this is not a trading call, know that gala even on this interesting trend of 66.5% can still break down, this expecting depending on data chance.
Have a great day.
GALAUSDT, We are going to reach to PRZ levelHello everybody
Gala is one of my favourite token that is working on game base and the co-founder of it was made zynga poker :D :D :D :D
According to the chart, the price is moving on downwards correction wave and we expect that it can drop more to reach to the important heavy support (PRZ level Blue Box) and it can suport from there and move up to reach to the new target
But in there route we have another sensitive zone that if the price can break there zone the drop price definitely happen.
If you have any question send us messages in private on telegram or in here
Good Luck
Abtin
Previous analysis :
GALA - There is a possibility of testing the 45 and 40 cents areOn a daily timeframe, we see an engulfing bearish candle that provided the conditions for correction. There is a possibility of testing the 45 and 40 cents area in the coming days. Be patient and enter by reaching the range of 40 cents.
UPDATE: GALA UP 725% after bull signal - 280% more to come?Please Like or Follow if you enjoyed this content.
UPDATE: The price went sideways for a while before the big pump in Nov. Making a whopping 725+% after the bullish "Supertrend Ninja" signal in Nov 2021. That's a life changing trade for many people.
Currently the price seems to be in a range as well. Using Fibs there is potential gains of 280% around 1.62 USDT. Then again if we drop here, it could be as painful as 75%. Currently we are testing support, RSI is in an accumulation zone. Another small drop here before making a bull run, or continue moving sideways in the range wouldn't surprise me as well. GALA is a trade that definitely needs some proper risk management.
Personally I would wait for the 'Supertrend Ninja' signal to turn bullish first. It might take days or weeks. Generally this indicator gives around 2-8 bullish signals a year.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using the indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
GALA: UpdateGALA has maintained an upward support line in the month of December and has also formed a triangle pattern.
Major upcoming resistances are around $.55 and $.63. If BTC is bullish in January, then we should see a nice breakout for GALA in the coming weeks.
This is not financial advice. These are just my ideas and opinions.
GALA Loading up for a big move!Here's a quick Look at GALA 8 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! The price action depends on BTC and if BTC doesn't cooperate, then GALA won't manage to build bullish momentum. Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 1100 sats
2. 1180 sats
3. 1300 sats
4. 1460 sats
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
GALA: The .618GALA retraced back to the .618 since BTC dumped. This is still a higher low from the previous larger correction, so as long as it holds above the .618 fib then GALA is still bullish.
This is not financial advice. These are just my ideas and opinions.
GALA, the end of a correction and the beginning of a new uptrendGALA has been in a downtrend for more than two months. It is only now showing signs of a new uptrend.
What positive signals can be seen on the chart?
- A correction of more than 50% from the high
- A long consolidation
- Breakdown of the trend line
- Local formation of higher highs and lows
It is also worth highlighting that a technical pattern - a symmetrical triangle - has formed on the chart. And the price has broken through the upper boundary of the pattern, which is a positive signal for the continuation of the uptrend. According to the rules of the pattern, target = height of the triangle.
We don't know if the price can reach this target, it is important to analyze the bitcoin's performance, as all altcoins are correlated to bitcoin.
It is important to note, we did not buy or hold this coin in our portfolio. This is just a technical chart analysis at the request of our subscribers. Personally, we buy altcoins for no more than 20% of our total capital and hold our coins in the medium term. As practice shows, this is the best way to trade. We trade bitcoin using our trading indicators for all of our principal capital. You can see more details in past ideas.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
GALA - Potential Long SetupGALA seems to be holding here after coming down slightly lower than my short target (albeit within range). Basically, you can try to target the flipping of the purple line, which is the 50ema. I went long earlier, but I think .52 is the safe entry here with a stop at .48 , NFA , DYOR. Watch BTC for guidance.
GALA: Strong Resistance AheadMany alts, including the Metaverse tokens, have already shown strong bullish signs. As long as Bitcoin continues this bullish reversal, I'm expecting GALA to continue a push toward previous resistance between $.58 - $.63.
If GALA is able to pass this resistance in the coming weeks (January/February), then GALA will push to previous ATH at $.84. If that gets broken, then GALA will be in price discovery mode.
This is more of a mid-term outlook, not short/immediate term. If you're looking for a shorter-term trade, then keep an eye on the strong resistance zone as charted above.
Let me know your thoughts. Did you accumulate GALA on the dip?
This is not financial advice. These are just my ideas and opinions.