Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
Gala (GALAUSD) is having the strongest 3 day rise (more than +270%) since it first started trading. The bounce came very close to the 2.0 Fibonacci extension from the first Low of this correction in January 22 2022.
However this is not enough technically to restore the long-term bullish trend and start a new Bull Cycle. In order to do so, Gala has to break the...
GALA has broken above this long descending trendline. Once daily closes above it there could finally see progress.
Could it still go lower? Sure, but I have added a large amount this morning - because i missed the first hype phase... but not this time!
500% to ATH from here.
On March 8, I published this idea on GALA, I imagined the trip from the Crucial Area a little differently, but the bull trap came out exactly on the day.
It's fun to spill out of support 6. Apr. exactly as I finished it.
I expect a possible return to the accumulation zone before switching it on again.
GALA already reached retracement to FIBO 1.618 level. However it may still make a double bottom first before attacking the green resistance zone. Reclaiming this will still encounter the big yellow resistance zone where the VWAPs are located.
Sell zone will be the red zone. See chart.
Not trading advice
The currency GALA, I have a BAT pattern, is in the PRZ area, support + golden ratio, in the event of breaking the support, it will target 20 cents, but in the event of a rebound upwards, it will go to the targets, resistance at 25 cents,,
GALA is looking very bullish, despite its massive 80% correction. We can see that the bottom trendline has been holding since September 2021.
Assuming that the main trend line continues to hold, I've included the price ranges from where it bottomed in January 2022.
GALA is a strong contender in the Metaverse space, backed by a great dev team and founder. I...
Trying to predict the markets based on technicals.
Upwards momentum for Gala stalled at $0.29, creating a double top. I see a swift recovery in the price occuring following by a upwards move higher to test the $0.37 resistance. RSI is healthy on the 12 hr chart however significantly oversold on the 4hr and 2hr.
Bias for a long on the 12 hr remains until we see...