Before you are a global chart of the GALAUSDT trading pair
The downward trend has been going on for almost 9 months.
The chart shows the first signs of a possible break and change in the trend of the GALA price movement to up.
However, the truth will be that there is no aggressive confirmation that in the future there will only be an increase in the GALAUSD...
Beautiful tap of the bearish OB with two wicks to the top, while candle closes at the bottom of the block (red).
Now stuck between May low as support this time now, albeit not very strong support though (not tested much).
Expecting chop in this area until ETH makes a decision.
We are back with GALA /USDT. We see that GALA has had a small breakout in $0.069 zone which was major resistance at that time! Firstly we need to notice the action in the market overall so this is the reason why we are setting our buys only after we see the price near $0.073.
GALA has a bright future in game industry as it is the first NFT game on...
Wait until price touches the trend lines then look for signal bar and key bar /Breakout and pullback to recognize direction of price movement.
Money Management must be obeyed.
Open position without setting the proper stop loss (1% or 2% of total balance ) soon or late will cause to lose all your money ( call margin )
In the last few weeks we've all see a little bullish run in gala going from 0.0443 to 0.0727 yesterday. Personally I think this is the end of the little bullish run. Here are my reasons.
..It has hit a major trend line resistance..
..it has hit a major horizontal resistance..
..it has a really visible bearish divergence..
..the buy volume is getting weak..
GALAUSDT price is in the strong support zone. Expect the price to have a chance to reverse. We should open trades at the price level. 0.04771-0.06809 first target 0.10762 and 0.16433
If the price can break through the 0.16433 resistance, we will see a pumping. >> GooD Luck 😊
🔺Stop loss 0.01923
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Hi friends! A lot of traders forget about GALA, but the most of them will return when the price starts the pump or be close to ATH. We should open a trade the trade before large movements and when it have the best rr ratio.
GALA is already reach the 1st target and make +25% profit. Check this idea to get more experience in trading.
📊 Preconditions to open a...
As you see in the chart, with the increase in the shadows of the candles in the bullish or bearish trend, along with one or two candles in the opposite direction of the movement of the chart,
it's a trend change signal and a good setup to enter in the trading.
P.S. I must say that; in the long-term time frame ( usually more than 1-H ), this method of Candlestick...
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$GALA has formed a local bottom at $0.05 and the local low is at $0.049.
The current structure has some similarities to our recent $ADA's chart on 12H TF which has given us more than...
$GALA broke out descending resistance and long term descending resistance, and price is above support zone.
🐻 price may continue pullback to support zone around $0.039 then start a new rally.
🐮 or it is possible to rise from here as long as price stay above $0.45, also RSI hold above HMA which is a bullish sign.