Here is another one, this is pretty interesting to me and it is great how the charts, the candlesticks work... It is awesome, it can really help you predict how the price of an asset, in this case a Cryptocurrency, will behave in the future.
This is GALAUSDT on the weekly timeframe:
Between August and October GALAUSDT produces the cup pattern or rounded bottom. The 16-October session hits a new All-Time Low. The next session (23-Oct), a high volume full green candle.
The 23-October session put prices back above the June 5 low and thus Gala Games becomes bullish. This is a strong reversal signal... Hold on, there is more.
The session that follows starts bearish, 30-Oct, it pushes prices below 5-June and 14-August but ends up closing above these levels as a hammer:
This is another bullish signal and confirms the previous ATL, cup pattern and high volume breakout.
Finally, the current session is trading at new highs on the weekly and almost full green. 👉 This is all telling us that Gala Games is ready to grow long-term.
Long-term because we are looking at a long-term chart, a long-term bear market coming to an end and a reversal can lead to a massive bullish wave.
Notice the targets on the main chart... There is one final resistance level though, the higher grey line which marks the November 2022 low/support, now resistance. Once this level is taken out expect massive growth, fast and strong.
Namaste.
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Gala Games weekly update
GALAUSDT is moving weekly above a major resistance level, the "November 2022 baseline" marked here grey.
Closing weekly above it would open the doors for strong, fast, massive growth. It is trading above it now but the weekly session closes in two days... We need a weekly close above 0.02400 for this signal to confirm. It is likely to close much higher, so imagine how good/green everything will look next week.
Namaste.
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It has been exactly 1 month since the last update and Gala Games is looking even better now.
While still trading below EMA50 (early), weekly it trades above EMA21 and EMA10.
The growth potential is mapped on the chart. All the signals are green (high volume).
Namaste.
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Gala Games continues full on-track to continue higher. We are seeing a first ever break above EMA50 weekly, a repeating theme across many Altcoins.
General potential (green) and remaining potential (purple).
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+236% There is plenty of room available for additional growth. Enjoy the profits.
@Masoud_Most_Smart_Strategy, Bitcoin is really strong right now. It closed at a new high yesterday and is trading at high prices today... It is also showing a continuation pattern.
Chart:
Porterdog122
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Hey man I’m a indices trend line trader and seeing this chart on 1W looks like a 20-25x from here. The only reason ATH is going to be a challenge is because the increase in circulating supply which raised the market cap.
AlanSantana
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@Porterdog122, Thanks for sharing. Even with the increased supply it can break to new highs once the bull market is in full force.
Porterdog122
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@AlanSantana Check this chart I made here it shows a potential run up to the ETF launch / Halving and then back down would you consider this run up a full force bull run or a bear market rally? file:///var/mobile/Library/SMS/Attachments/50/00/BE3E25B1-B46D-45F0-89CB-F8DD34777BAE/72116999436__7103270B-8767-4BE3-9FA6-F7FC6DF71E86.HEIC
varun3161
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@Porterdog122, FYI, circulating supply never increased 3x-4x suddenly this year. Coinmarketcap and Coingecko never had the right numbers on them, so that was just corrected this year after the release of Gala v2
Chart: