Exciting times ahead for Gala (GALAUSDT) as the gaming narrative gains momentum and GALA positions for a potential breakout.
Key Points:
Technical Setup: GALA has been under close observation, particularly as it approaches a critical juncture. It's currently in proximity to the daily descending resistance line dating back to May 2022.
Resistance Challenges:...
The price has been supported in the bottom of the support channel. In case of a correction move to the Middleline Level and after confirmation, you can look for reasons to enter the trade according to your strategy, and in case of a strong channel failure and confirmation, you can open a sell position This analysis is a personal view and the offer is not buy or sell
Hello Trader BINANCE:GALAUSDT.P
can be seen carefully if you pay attention to the chart tends to weaken because for a healthy market it can experience a periodic decline and the resistance point is valid for breakdown.
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Disclamer: Not Financial Advice
Hello traders,
Honestly this was a trade that I should have published earlier but I was trapped on it
Seems like gala was forming micro inverse head and shoulder pattern on 15m-30m frame
Target of the pattern is at 0.027$
A strong resistance lies at 0.02828$
Notice that btc isn't stable this time, so please take care, market is not stable enough to reach...
Keeping a close eye on #GALA. Currently at descending resistance line and $0.02550 - $0.02750 resistance area. A breakthrough may push price to $0.035 - $0.0385. If rejected, next support at $0.02060 - $0.022, at the daily 200 Moving Average (MA). Stay tuned for updates! 📊💹
#CryptoMarketWatch 🚀✨
In the ever-evolving world of crypto, GALA has caught the attention of traders with its intriguing price action. Despite a decline since 2021, the coin has shown resilience, leaving substantial liquidity overhead. The recent price move, executing a drop beneath the global pivot level and forming a double bottom, signals a robust reversal pattern. Buckle up as GALA...
KUCOIN:GALAUSDT testing a key level of significance (marked by red arrows). Trying to get above the 2100 area. If we stay above it and get on top of the 200MAs on daily (picture added) the next big resitance level is 5 cents. Possible 130% move for the patient.
XRP trade just hit our first target after breakout, 22% move.
And DYDX to stop loss, if you are...
I hope the most of you made nice profits on this leg up. I still think it will go down one last time. If it does then im all in. If not, then ill focus on other coins. Lets see what the marked does amigos.
GALA Usdt has entered the range move. It broke 0.021 resistance with good volume. If the market pulls back will pick it up in support, if the resistance is broken with good volume will add more.
Looks like trignage breakout already large happen on daily time frame and retested .One of the strongest confirmations but it is not without the risk. Gala is long due for relief rally. We may see quick rally towards $0.02 region which is roughly %35 gains! I will update this chart as we move along.
GALA performing a bearish fix after nice bullish movement
The Inducement is far from the Order-Block which gives great RR
The OB is really next to Fib 0.618
Gala is currently at an important demand zone and is also in the process of retesting the trend line
We can expect two scenarios:
holding the demand zone and continuing the uptrend
breaking the trend line and initiating a reversal
