As you can see from the chart below, GALAUSDT hit a new All-Time Low just days ago and is preparing to reverse the trend.
22-Nov-2022 Gala hit its lowest price since September 2021, when this pair was made first available for trading on this exchange.
For those looking for trend-reversals, hitting new lows is always a great signal.
How to know if this is...
$Gala is currently trading close to a major resistance (which doubles as the exchange listing price on Binance) in a descending triangle chart formation as shown with the HLs it has been making, I expect the price to bounce from this price range to the upside. According to the Fib Retracement Tool, a major bounce should take the price towards 0.786 Fib levels...
The demand zone is intact and pushed back gala and it's now in process of going towards 0.049 after that it may retest or break through depending on buying pressure.
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
The Market is starting its bottoming phase
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If you want help trading Bitcoin or Altcoins...
Gala will pump??
What do you think??
In my opinion there is an opportunity for long at price 0.0256 ,stop loss at price 0.0235 and take profit at price 0.0288.
This chart inverted version
BTC and ETH near its possible bottom, we can assume Gala is ready for the pump..
possible key levels marked out
for educational purposes only, DYOR before trading
Yesterday GALA token took a huge dump due to a whitehack exploit that was meant to be good and help safekeep GALA from future exploits. It was done by the team so price should slowly recover to previous points. Just an idea.
Gaming coins have taken a big hit this bear market. Now I feel that it's time to DCA into a couple of them. GALA need 30 X (!) to reach All Time High (nov 21). Excited to see what gaming coins can do next bull market. Here are my top 6 gaming coins 1. ) Matic 2.) PYR, 3.) UOS, 4.) GALA, 5.) SAND, 6.) SUPER.
Hi friends! Now the price of GALA inside the channel and the 2nd test of lower boundary is possible, but only in case if BTC fall to $16-17k.
I think that the most possible scenario is continue of consolidation or local growth to the 3 targets that i mention below.
📊 The main reasons to open a long:
🔥 trap of the retail traders and volume growth at the bottom....
Plan A :Buying from levels between 0.03 : 0.025 with SL at entry level after securing some profit @0.05
Plan B: if price keep dropping keep buying as shown in the chart
Hello guys, hope you are doing fine. Honestly I really think this is very possible rebound on GALA. The dump on GALA reminds me Cardano from 2018. Of course everybody is thinking that BTC will go down even more, but to be honest nobody knows where is the bottom. When we will count the weeks and halvings I truly must say we bottomed. All the fud is allready sold....
Hello guys...
As you have seen over the past few weeks, the cryptocurrency market has been very bearish and no signal has been observed to change the trend. I still encourage you to short position.
here we have #gala, this cryptocurrency formed in a bearish channel and in my opinion will break main lower low (main support level).
but be aware if this channel...
BINANCE
