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🦋”GALUSDT FORMED BULLISH FLAG” 🦋 🚀📈Dear Traders, We are convening a discussion focused on #GALUSDT The Bullish Flag Pattern is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 80%🚀😉 #crypto #cryptocurrency #bitcoin #ethereum #blockchain #btc #cryptotrading #cryptonews #eth #cryptocurrencies #nft #bitcoinnews #bitcoins #trading #bitcoinmining #forex #binance #cryptoart #nfts#trading #forex #trader #investing #stocks #forextrader #stockmarket #daytrader #forextrading #invest #bitcoin #daytrading #cryptocurrency #crypto #investor #investment #forexsignals #nse #chartpattern #cedarforex #candlepatterns #learntrading #bseinstitute #shorttermtrade #bankniftytrading #stockmarketph #calloptions #mqlsignal #futuretrader #tradingmemes #chartpatterns #tradingview #tradinglife #tradinglifestyle #tradingstrategy #tradingtips #tradingplan #tradingsignals #tradingaccounts #tradingsignal #tradingforex #tradingsync #tradingroom #litecoin #ethereum #bitcoincash #cryptocurrencies #ripple #btc #bitcoinnews #bitcoinmining #blockchain #eth #bitcoin #bitcoins #coinbase #cryptocurrency #crypto #bitcointrading #dogecoin CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT
Long
by annatradecharts
$$$GAL bullish scenario $$$Hey traders, Welcome to our crypto community! 🚀Whether you're a seasoned trader or just starting your journey in the world of cryptocurrencies, we're thrilled to have you here. We are willing to share about GAL coin. #GALUSDT Update: 💹. The daily chart of #GAL shows a descending triangle pattern 📊, with a major support area. It is struggling to take a bullish turn from this support zone. Expecting nearly 40% increase from this point in the near future 👉✅.
Long
by CryptoAnalystHub
📈GAL Coin Analysis: Potential Long and Short Opportunities💎🔍Today is Monday, and as mentioned yesterday, the market tends to experience reduced volatility on holidays, making it advisable to refrain from opening new positions and take a break instead. Despite the minor fluctuations seen in the market today, none of the triggers were activated for initiating positions due to the limited volatility. ⚡️In today's analysis, we will focus on GAL coin, associated with the project Galexe, a decentralized platform facilitating interactions between projects and their communities, enabling distribution of airdrops, rewards, or NFTs seamlessly. The GAL coin has experienced a significant uptrend, especially driven by its growing website and collaborations with new projects. Currently, on the weekly timeframe, GAL is consolidating, while on the 4-hour timeframe, a downward trend is evident. ⏳In the daily timeframe, a descending trendline indicates a bearish bias, but considering the bullish nature of GAL on the weekly timeframe, a new uptrend may be underway, potentially impacting even the daily and weekly structures positively. The trigger for confirming this trendline is at 3.872, which may take considerable time to materialize. 📈From another perspective, recent candles breached the support at 3.33 but failed to establish below it. Following a brief consolidation around 3.124, the price reversed upwards, indicating a possible fakeout of the support. Typically, after a fakeout, re-entering the range can lead to a move towards the range high. Therefore, we can consider seeking long positions. The primary resistance for initiating this new uptrend is at 4.829, although the current price range is between 3.33 and 3.872. Since the support at 3.33 has been faked, and the price returned within the range, we can expect it to reach 3.872. Hence, a reliable trigger for long positions is at 3.447, which coincides with the POC (Point of Control) in the fixed range volume profile, suggesting significant selling pressure in that area. If buyers manage to absorb the selling pressure and establish above this level, it indicates their strength, providing an opportunity to join the uptrend. ✨Moreover, the breakout of the RSI resistance at 54.49 can further confirm the bullish momentum. However, it's essential to note the low volume of the bullish candles, indicating weak buying pressure. Therefore, entering long positions requires caution due to the high-risk nature of the trade. It's advisable to enter smaller timeframes like 1-hour or 15-minute charts with a tight stop-loss and aim for a quick risk-to-reward ratio of 2. 📉For short positions, the bearish trend offers a more straightforward approach. The weakening bullish momentum is evident from the decreasing size of the upward candles, indicating diminishing buying pressure. A critical level for short positions is at 3.447, where a small range box formation on lower timeframes can provide a favorable entry point. Managing short positions can be approached in two ways: setting a small stop-loss with a risk-to-reward ratio of 2 or 3, or waiting for the breakdown of the support at 3.124, depending on the market conditions. 📝In conclusion, GAL coin presents potential opportunities for both long and short positions, but traders must exercise caution and adapt their strategies according to the market dynamics. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
GAL/USDT It shows potential price will bounce from the support!💎 Paradisers, #GAL is indeed a coin worthy of close attention. 💎 Currently trading within a bullish flag pattern, GAL shows potential for a bounce from the support area as it approaches the resistance trendline of the pattern. 💎 For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest our target strong resistance area. 💎 However, if GAL fails to bounce from the support zone between $3.6 to $3.3 and breaks below it, this could signify bearish momentum, with GAL likely to trend lower towards the support trendline or the demand area around $2.5. 💎 The GAL must bounce from the demand area, as it represents a significant support level. Moreover, reclaiming a position above $3.6 is essential for GAL to sustain its upward trajectory and reach our target area. 💎 If GAL breaches the demand area, it would confirm bearish sentiment. Exiting positions might be prudent if GAL's candle closes below the demand zone, as this could indicate further downside potential. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
6
Galxe (GAL): Will we see a rebound to $5.85?Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level. The most significant volume node, where the bulk of trading has occurred, is around $3.35. This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range. Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,
Long
by freeguy_by_wmc
1
GAL/USDT Break Alert! Bullish Momentum for GAL continue upward.💎 Paradisers, the recent market dynamics surrounding #GAL have been noteworthy. 💎 GAL has successfully broken out of the resistance trendline, indicating a bullish momentum for its next movement. 💎 There's potential for the price to first test the trendline around the 4.5 area before continuing its upward movement and attempting to break the local resistance at 5.05. 💎 Alternatively, if GAL breaks the resistance directly without testing the trendline area, it could continue its upward trajectory and reach our target area of the Bearish OB and supply zone. 💎 However, if GAL fails to bounce off the support trendline at 4.5 during the retesting phase, or if the price closes below the line, it could signal a retracement back to the Bullish OB area to establish new momentum. 💎 The Bullish OB area holds significance, and if breached, the last bullish support lies within the $2.7 - $2.45 area. Should this support also be broken, it would confirm a bearish trend, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
GAL/USDT - Galxe: BBand Breakout◳◱ On the $GAL/ CRYPTOCAP:USDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 4.989 | 5.538 | 6.526 and support near 4.001 | 3.562 | 2.574. Entering trades at 4.876 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Galxe ▣ Rank: 183 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: N/A ▣ Overview: Galxe project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 4.876 ₮ ▣ 24HVol: 13,356,484.392 ₮ ▣ 24H Chng: 12.195% ▣ 7-Days Chng: 9.11% ▣ 1-Month Chng: 0.28% ▣ 3-Months Chng: 151.16% ◲◰ Pivot Points - Levels : ◥ Resistance: 4.989 | 5.538 | 6.526 ◢ Support: 4.001 | 3.562 | 2.574 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.83 ▣ Last 90D: 3.17 ▣ Last 1-Y: 1.23 ▣ Last 3-Y: -0.35 ◲◰ Volatility : ▣ Last 30D: 1.26 ▣ Last 90D: 1.32 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 1.15 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.74 - Bullish ▣ In-depth GALUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
✴️ Galxe 111.11%In September Galxe produced the highest buy volume since January 2023, revealing whale action. ✔️ Whales tend to prepare in anticipation of a major event. ✔️ Whales started to load up on this pair in late August through mid-September. ➖ We can see a break and retest of the orange downtrend line. ➖ The 4-Oct session ended in a dragonfly doji with continued higher lows since June. 👉 This is all leading to higher prices... Easy 111.11% first but more in the mid-term, much more. Namaste.
Long
by AlanSantana
2
GAL/USDT bullish horizon from support? 👀🚀GAL Today analysis💎Paradisers, let us delve into the captivating dance of #GALUSDT. At this very moment, it retraces gracefully, drawing ever closer to a critical support level at $3.964. This level, my friends, is no ordinary mark—it carries immense significance. Its metamorphosis from a mere retest to a stalwart support could well herald a bullish surge of epic proportions. 💎 Alas, the price of #GAL has faltered, unable to breach its previous high. Yet fear not, for hope glimmers on the horizon. Behold, as the price approaches the key support at $3.964, we stand at the precipice of a delightful bullish reversal. Picture it: the price ascending, rising like a phoenix from the very ashes of doubt. 💎 But ah, the markets—they are capricious, whimsical creatures. Should AMEX:GAL descend below this pivotal zone, our strategy must shift. Brace yourselves! We anticipate a bullish resurgence, a rebound from the secondary support level at $3.416. Fail to reclaim ground here, and we may witness further declines. So, my fellow traders, stay vigilant, stay nimble, and navigate these market tides with the grace and precision of seasoned sailors.
Long
by MyCryptoParadise_Simon
2
GAL LOOKS VERY BULLISH (1D)It looks like a double correction has ended (zigzag + triangle) In the second part of the correction, after wave X, we have a bullish triangle, which now looks like its wave E (which is a contraction triangle) is ending. Demand range is the right place to enter buy/long position. We have specified the targets on the image. Closing a daily candle below the green box 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
Long
by behdark