GALA UPDATE 12HThis is an update to the analysis you see in the "Related Ideas" section
It responded to the range of the previous analysis, but we expect the area we specified in this update to be retested.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GALAUSDT.P trade ideas
GALA looking Bullish-Bullet Points For This Set Up-
*Prise is Bouncing off 20 MA
*Broke out of Bullish Bear Flag
*Strong Support at .318 Fib Level
*RSI above 50
*Buy Volume turning bullish on MACD
*Squeeze Momentum showing buy support after extended down trend
*You have two options to enter long that will depend on you risk apptite
*Both buy entries take place in a bullish breaker or at strong Fib levels of Support
#GALA/USDT#GALA
The price is moving in a bearish channel on a 4-hour frame and we have a support area in green at the 0.0500 level.
We have the highest stability with Movina discharge 100
Now we have a breakout that is about to occur well after bouncing from the green zone
Our RSI indicator has a trend that is about to break to the upside
Entry price is 0.05542
The first goal is 006252
The second target is 0.06802
Third goal 007298
GALA READY TO 2X?I took a look at this chart on my chartapalooza stream yesterday afternoon, and it was by far the most striking setup that I saw.
The weekly chart shows an incredible test and hold of support at .06293. As you can see, this was a major swing high at the beginning of 2023, which was never recaptured until a few weeks ago.
What strikes me is the huge increase on volume and the candle spread on the breakout a few weeks ago, and then the incredible hold of support for the next two candles. As you can see, a blue candle closed right on support, then we had a perfect dragonfly doji wick low below support but close EXACTLY at the same price where it opened a week before. This is a major reversal signal. This week’s candle has started right at support and is heading up.
The target for me is the next level around .153, if not higher. More than 2x from here.
GALA - Gaming Narrative Resurfacing?We added to our INDEX:GALA position last night at $0.062. Gala has a very similar setup to CRYPTOCAP:IMX and some other gaming related tokens. Therefore, can we predict the gaming narrative is about get hot again? Here is what could make GALA pump based on the charts.
-Weekly Dragonfly Reversal Doji
-0.5 Fib level held
-RSI seemingly flipped old resistance into new support
A break of the high would lead us to a predictive level of $0.11 followed by the psychological $0.15 level.
🎮 GALA: Riding the Bullish Wave! 🚀🎲📈 Market Analysis:
GALA has experienced significant bullish momentum in recent days, indicating robust market demand and positive sentiment.
The current market pullback presents a potential opportunity for a spot-long trade, leveraging support levels for entry.
🔄 Trade Plan:
Entry: Consider entry in the support zone of $0.058 - $0.065, aligning with bullish momentum and market dynamics.
Upside Target: Target areas of resistance at $0.08 - $0.09 or $0.14 - $0.16, reflecting potential breakout opportunities.
Risk Management: Implement a tight stop-loss strategy just below $0.057 to manage downside risk effectively.
🎮 Strategy:
Monitor market dynamics, including gaming sector trends and broader market sentiment, for insights into GALA's performance.
Stay updated on GALA's developments, partnerships, and product launches to gauge future growth prospects.
Adjust trade plan based on real-time market data, technical analysis, and risk assessment to optimize trading outcomes.
GALA/USDT possible planBINANCE:GALAUSDT might move higher to 0.07 Cents, if BTC might try to move higher to 25K.
There are some indications that alts will be recovering from 90-98% price drop, but BTC has a gap on futures at CME between 19700 and 20500 which could be filled by dropping price down. There is another gap between 9600 and 10K. Price of BTC dropped since last ATH only 77% please have this in mind. Daily RSI indicating market overbought. So expect in short term correction of the price to 20K.
GALA price is ready go higher, at the same time be careful with BTC movement. GALA has crossed 200 MA line, and I expect it to retest it.
Not a financial advice.
Gala/Usdt Looks Promising For Breakout Gala/USDT is currently showing signs of attempting a breakout on the 4-hour timeframe. If it successfully breaks above the trendline resistance, there is a potential for a 30-60% bullish move in the short term. Please note that this statement is not financial advice, and individuals should conduct their own research and analysis before making any investment decisions.
Keep an eye on this level!It's time to keep a close watch on GALA, which is gearing up for a big move! If you're looking to trade GALA at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.05955$ and take profits at the levels shown in the chart.
Targets:
1. 0.062$
2. 0.0655$
3. 0.068$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
🌟 Gala's Cryptic Dance: Unveiling Hidden Paths! 🌀🎮 Gala, the gaming-focused blockchain platform, faces resistance at 7 cents, prompting a reassessment of its near-term outlook. 🛑 This analysis explores potential support and bounce levels on the 4-hour timeframe, guiding traders through key price dynamics.
Introduction:
Gala's recent rejection at 7 cents signals a temporary pause in its upward momentum. 📉 Traders are now eyeing crucial support and bounce levels to navigate Gala's price action effectively.
Resistance at 7 Cents:
The rejection at 7 cents suggests strong selling pressure, hindering Gala's ascent. 📉 Sellers aiming to secure profits or establish short positions likely contributed to this pullback.
Support Target at 0.04956:
Attention shifts to a critical support target at 0.04956, where buying interest may converge. 🎯 Gala must find support at this level to resume its upward trajectory effectively.
Potential Bounce at 0.05920:
Traders should monitor the possibility of a bounce at 0.05920, offering a temporary support zone. ⏫ A bounce here could reignite bullish momentum, setting the stage for a retest of resistance levels.
Conclusion:
Gala's price movements hinge on navigating key support and resistance levels effectively. 🔄 With a support target at 0.04956 and a potential bounce at 0.05920, traders can strategically plan their entries and exits amidst changing market conditions. 📈 By remaining adaptable and responsive, traders can seize opportunities in Gala's dynamic price action. 🚀
Still on the run?GALA rise with a double bottom set up. I was looking for signs for possible continuation so let's keep it simple
Currently sitting at the neckline of that weekly double bottom which is currently acting as a pretty good support
On the 4 hours TF we can see it printing a bullish flag so that break it's going to be pretty interesting.
The weekly close is looking good giving if it holds above that 0.05463 region so what are your thoughts on this lemme know in the comments below
Stay safe
