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GALAUST trade ideas

Bearish Confirmation On Four Hourly - $0.049 - $0.045The recent closure of the 4-hour candle below the 26-day Exponential Moving Average (EMA) suggests a bearish shift in the short-term trend, with the 26-day EMA now acting as resistance. This aligns with the larger daily trend, which also appears bearish (refer to previous idea). I am monitoring potential support for possible price bounces at - $0.04967 / 0.50 Fib Level $0.04568 / 0.618 Fib Level Follow if you would like regular updates on Gala posting atleast once a day. Key Considerations: Buy orders on Binance for Gala are building at $0.05, which might act as a strong support level. Keep in mind that the daily closure tomorrow will confirm bearish bias on the daily, given where the RSI, Stochastic RSI and ROC indicators are at, this correction may take a few days even a few weeks to play out so be patient and wait for reactions at fib levels above.
Short
by heywippa
GALA's Correction Unfolds: Whos in control?GALA Short-Term Price Action Update In my previous analysis, I suggested that the price would likely find support at the monthly level of $0.04358, which it has done, and resistance at the weekly level of $0.04892, which also played out. Following this, I expected a correction to form either a channel or a triangle pattern. Currently, it appears that the price is consolidating into a descending triangle which is more viewable on the 30 minute time frame, with the price at $0.04694 at the time of writing. My expectation is that the price will move back down to test the support level at $0.04358. Please note that corrections are complex and dynamic, so this is an educated guess with a bearish bias. Supporting Factors for Bearish Bias: Daily Stochastic RSI: Momentum is clearly downward, reinforcing a bearish outlook. Descending Triangle Formation: This is generally considered a bearish continuation pattern. Daily RSI: The RSI is declining, further aligning with a bearish view. Key Watch Point: If the Daily Stochastic RSI signals a bullish momentum change (K-line crossing above the D-line), my bias will shift to bullish, but for now, we are correcting with a possibility for further downside before we correct upwards. Don't worry; the momentum indicators on the Monthly are all positive, so it's just a usual Crypto correction - albeit 38%. If you like my ideas consider following and also like to get it out to more people
Short
by heywippa
Moment of Indecision – Wait for ConfirmationThe price has pushed up strongly, breaking through the critical 0.618 Fibonacci level, which now serves as a key support zone. Over the past few days, price action has narrowed, indicating indecision at this level. Momentum Indicators: RSI: Currently overbought at 82. Stochastic RSI: Also in the overbought territory at 89, with K crossing over D signaling waning buying pressure. Rate of Change (ROC): Is declining and sitting at 52, reflecting a slowdown in price momentum. All momentum indicators suggest that buyers may be losing steam, increasing the likelihood of a correction. Key Levels to Watch: If buyers can sustain the price above the 0.618 Fibonacci support, bullish momentum might continue. A daily close below the 0.618 level could signal a breakdown and a potential correction. Conclusion: This is a critical moment. With momentum slowing and indecision dominating the chart, it’s essential to wait for confirmation before taking any action. A breakout or breakdown from this range will provide clarity on the next potential move.
by heywippa
Sorry Guys, is Gala's Wave 2 Correction Really Over?Hey everyone! I know a few of you follow my ideas, so I thought I'd post this earlier rather than later—because I don't believe Gala's Wave 2 correction is over yet. After analyzing the price action and a few other key factors, I’ve re-evaluated my position, and things are pointing toward a more complex correction. Corrections Are Like Driving at Night Predicting corrections is tricky—it’s like driving at night. You plan your destination but can only see a couple of feet ahead at any given time. As the journey unfolds, your view becomes clearer. Originally, I thought Gala had completed a straightforward ABC correction. But after reviewing Bitcoin's price action, Bitcoin dominance, and Gala's movement today, I believe we’re dealing with a more complex WXY correction. What Is a WXY Correction? In simple terms, it’s multiple corrective structures connected by smaller "X" waves: Wave W: I believe this was Gala's first corrective wave, a zigzag (ABC correction). Wave X: A smaller corrective wave that connects W to Y. Wave Y: The next corrective structure, which could take the form of a zigzag, flat correction, or something else entirely. I have highlighted this on the 4 hourly chart. I believe we have completed Wave W and I’m closely watching price action and looking for a good exit point around the top of Wave X. Why Do I Think This? Bitcoin Has More Downside Potential. I believe Bitcoin could revisit its previous ATH of ~$73K. If this happens, it will have a significant impact on all altcoins, including Gala. (Check out my BTC idea posted today for more details.) BTC Dominance Signals Market Weakness In November, Bitcoin dominance rejected off the 0.618 level—just like it did in 2021. That event led to a 31% correction on Bitcoin, and corrections across the market. This could repeat. (Refer to my BTC.D idea posted today.) Overbought Stochastic RSI Many altcoins (including Bitcoin) have an overbought stochastic RSI on the weekly chart with a bearish crossover - illustrated above. This signals bearish momentum and has been a nagging red flag for me. Timing Aligns with a Complex WXY If Bitcoin’s correction takes another week or two to play out, it aligns with the possibility of Gala completing a WXY correction. Gala already finished an ABC correction, so this scenario seems logical. Targets Here’s what I’m watching for: Possible exit target for Wave X: Around $0.40–$0.42, I think price will probably baournce off one of the EMA's. Wave 2 Retracement: Could go as low as $0.17 without invalidating Wave 1 however price targets for Wave Y: Target 1: 0.786 Fib Level at $0.02760. Target 2: Weekly Support at $0.02449. I don't know if this is the actual go, but I felt it prudent to share my thoughts so you can at least have time to decide for yourself. I am still bullish, if you read my Bitcoin Dominance idea we are definitely looking good for an altcoin season we just need clarity on what Bitcoin is going to do. It really is at a junction point, of either going up or going down.
Short
by heywippa
Navigating GALA’s Correction: Key Levels to Watch ForCurrent Situation Yesterday, I exited my GALA position based on confirmation from the 4-hour timeframe. Although I considered waiting for a daily close to validate the bearish trend, the strong downward signals on the smaller timeframe prompted me to act earlier. This decision proved advantageous, as we experienced a significant price drop. Broad Market Outlook: Weekly Timeframe: The Stochastic RSI has crossed bearish (K below D), indicating that momentum is firmly downward on the larger time horizon. This suggests a sustained correction phase. Daily Timeframe: The Stochastic RSI remains in bearish territory, confirming that the broader trend is aligned with the weekly bearish momentum. 4-Hour Timeframe: The momentum indicators are at levels that suggest oversold conditions, indicating a potential for short-term support and a bounce. Interpretation: We are currently in a correction phase, and support levels are crucial to watch. Based on the broader timeframes, this correction may last a while as the weekly and daily momentum indicators cool off. In the shorter term, the 4-hour chart suggests the potential for a bounce, but this will likely develop into a consolidation pattern, such as a channel or triangle, as the market stabilizes. Key Levels to Watch: Support: $0.04358: This aligns with strong monthly support and the golden pocket (0.618 Fibonacci retracement). If this level fails, the next likely target is the 0.786 Fibonacci level at $0.03980. Resistance: $0.04882: A short-term ceiling where price may struggle to break out until momentum shifts on higher timeframes. What to Look For Next: 4-Hour Momentum Indicators: Await signs of positive momentum (e.g., RSI crossing upwards or bullish Stochastic RSI) to confirm potential support. Consolidation Pattern Formation: After finding support, expect price action to form a sideways channel or triangle pattern, likely bouncing between the identified support and resistance levels. Longer-Term Cooling: The correction may persist until the daily and weekly momentum indicators reset, preparing for a stronger recovery phase. Summary: Immediate support is anticipated around $0.04358, with potential range-bound movement between $0.04358 and $0.04882 in the short term. A deeper correction to $0.03980 remains possible if bearish momentum continues. Patience is key—wait for confirmation of support and momentum shifts before re-entering or trading.
Short
by heywippa
HODL GALA HODL GALA FOR ALT SEASON Q1 2025 1. CrowdSwap predicts that the price of GALA will be around $0.2989 by 2025, indicating a significant increase from its current price. 2. CoinCulture estimates a more conservative value of approximately $0.1739 by 2025, but still suggests potential growth. 3. Blockchain Reporter forecasts a range between $0.073 and $0.088 for 2025, which, while lower, still indicates a positive trend. 4. Changelly provides a prediction of $0.1364 by 2025, suggesting a steady increase. 5. Flitpay offers a more optimistic outlook with a maximum price of $0.93 by 2025.
Long
by eklas
2
Gala Games Long-Term Support Activated (Easy 255% - 342% BU-Pot)This simple chart right here reveals a pretty strong dynamic; We have a repeating pattern, the falling wedge; as well as the activation of a long-term support level... Join me in this analysis. A classic correction produced a falling wedge in mid-2023 (left side of the chart). A 600% bullish wave develops once the correction hits strong support. This year, another strong correction but this time much faster than last year, with early signals pointing at a reversal right at the same strong long-term support. The last bullish wave produced 600% growth coming out of bear-market. This time we have a higher low, a signal of strength, and the new bullish wave coming out of a recovery year; this means that this wave can be many times stronger than the previous one. Instead of 600%, we can see 700%, 800% or more. On the short-term, it can be smaller, but the complete wave should be something off-this-chart. ➢ Prepare for massive growth. First short-term, and then again in 2025, with a major bull-run that will end in a new all-time high. Namaste.
Long
by AlanSantana
9
Gala/UsdtBINANCE:GALAUSDT INDEX:GALA / USDT - Weekly breakout candle in preparation! Growth potential is INSANE! 🚀 Prices could fly toward $0.1050 - $0.1100 🛫, which corresponds to the trend resistance! (W) ⚠️ Key support that will probably be retested to confirm the breakout: $0.0500 - $0.0520 📉 (I'll set buy orders around that zone)!! I prefer to not FOMO on a full green candle. 🐸 You know, patience = profits 💰 🐸 (not financial advice). Not Financial advice
Long
by Wolftrader1337
4
#GALA (SPOT) entry range(,01780 -,02380) T.(,04450) SL(,01648)BINANCE:GALAUSDT entry range (0.01780 - 0.02380) Target1 (0.03200) - Target2 (0.04450) 2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.01648) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #GALA ****
Long
by Crypto_alphabit