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GALA/TETHER USD

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GALAUSDT trade ideas

GALA two possibilitiesAs we know, the price of GALA/USDT has risen 320% since the beginning of 2024. As prices rise impulsively, they will correct at any time. GALA/USDT has corrected 60% from its March high ($0.08677). This correction aligns with the prediction of the Fibonacci indicator at 0.68. When viewed from the daily chart, GALA is still bullish. I think GALA will have two possibilities as shown in the chart. First possibility: GALA will go back up slowly to the Fibonacci 0.5 level, until it finally touches Fibonacci 0.236 at 0.06927. Second possibility: GALA will continue its slight correction to the Fibonacci 0.786 level around 0.2850-0.30. From there GALA will actively rebound to resume its bullishness to the Fibo 0.236 level. This possibility is seen from the RSI which has not yet touched the 50 level. So the possibility of a slight correction remains. There is also an unmitigated FVG around the price of $0.03090 - $0.03230. The determination of whether GALA will continue its bullishness if it manages to cross the $0.060 price or if the 100 EMA and 200 EMA golden cross to bullish on the 4h chart. 2024 target GALA price at $0.91 2025 target GALA price at $0.12 - $0.288 Please note that this is analysis only and not financial advice. The market determines price movements and cannot be predicted with precision. Traders and investors should adjust their risk levels accordingly.
Long
by tomgre
5
Is the BOTTOM IN for GALA?Keep your eye on this gem. I would NOT be surprised to see GALA retest the .786 FIB @ around .025 cents. Not financial advice and I'm certainly not looking into a crystal ball. I believe BTC dominance will top out at around 60%...(currently 56%) so... as BTC dominance continues to ride up...look for ALTS to slowly bleed out over the next month or two. Like I said...this is not written in stone and we may have already bottomed here at the .618 FIB. Good luck and Happy Trading! Booooooya!
Long
by jimmythis343
GALA bullish or bearish?Looking for a break out of this triangle i’ve drawn up. Resistance and support seem to be around 0.051 and 0.035. I’m feeling over all more bullish since a lot of weekly stoch rsi have reset now in the broader crypto market. That’s just one of many indications though. Anything could happen. If we don’t pop soon. Then more side ways is unfortunately underway. Also looking for quick wick down before possible rocket reverse. We still need more new crypto buyers and less negative media to get a party going. Also… The 12 hr for GALA looks like an inverse bart simpson pattern. Since it’s formed a solid bottom with inefficiency in the opposite direction. Time will tell for how strong GALA is though. I’m long around here 0.044 looks convincing. I’d be pretty concerned if we loose the big support around 0.036 though. Let’s see how this plays out this week.
Long
by Spitecrank
Descending Triangle A descending triangle is a bearish chart pattern used in technical analysis to predict a potential downward price movement. It's formed by drawing two converging trend lines: 1. A descending resistance line (upper line) 2. A horizontal or slightly sloping support line (lower line) The pattern appears as a triangle, with the price action contracting and consolidating between the two lines. Here are some key characteristics: 1. The upper line connects a series of lower highs 2. The lower line connects a series of equal lows or slightly lower lows 3. The price action is contained within the triangle A descending triangle can be a powerful signal, but it's essential to combine it with other forms of analysis and risk management techniques to ensure a well-informed trading decision.
Long
by De_Dommex
📉📈 GALA Trade Analysis 🔄💼Trade Overview: GALA has consistently rebounded off the support level depicted in the chart over the past month, presenting a potentially favorable opportunity for a long trade as it tests this support zone once again. Trade Strategy: Entry: Consider entering a trade at $0.03930, taking advantage of the proven strength of the support zone. Take Profit: Set take profit targets at $0.05 - $0.054, aiming for gains within this range, and identify the next area of resistance at $0.065 - $0.07. 📊🔍 Monitor GALA's price movement for trade execution and adjustments! #GALATrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official
GALA/USDT exciting opportunity bullish horizon?👀🚀GALA Analysis💎 Paradisers, gear up for a promising trading opportunity with #GALAUSDT. There's a strong potential for a bullish reversal from the key support at $0.03557. If it maintains its momentum at this level, there's a significant chance it could initiate a bullish push, aiming to breach resistance and target our designated strong resistance area. 💎 Should INDEX:GALA fail to rebound from the $0.03557 support and instead break below it, this could indicate a continued downward trend, with the next critical demand zone at $0.03317. Notably, this level has already seen significant upward movements twice due to its robust liquidity. 💎 If #GALA reaches this demand zone again, it is crucial for the price to secure a rebound from this level to maintain support. A failure to rebound could escalate bearish momentum, exacerbate negative market sentiment, and possibly lead to further declines in price. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
5
We are in the Fat Candle Support zoneUsing the new volume candles from TradingView which are absolutely amazing. We can state some simple facts. We are currently in a zone where previously, fat candles have formed at this zone. I am expecting another fat candle, hopefully to the upside out of this zone. HOWEVER! I will play to the downside as well. This is a tightening range, and a breakout is coming, but it could very well be to the downside. Use stops! we've seen several breakouts fail recently as well, so move those stops up and lock in profit if you can when we get a move.
Long
by VaulTradeous
GALA Short Positron Playing Out NowYou should be able to find entry and it could get back up close to entry.... Either way this is my plan and it a great risk to reward. Used multi time frames to determine possible take profits at the blue lines but I believe in a day or two this will complete. It hit a big supply zone and needs to find demand. Like always just my idea based on what I am seeing on the charts, I have been in this trade since much earlier but there is still plenty if room for profits. Just use your strategy to find a good entry point. This is not necessarily a reversal just a pullback so take profits... This is not financial advise just a trade I see as being very profitable as is already. Patience is key This is rushed so my apologies.
Short
by Z3R0-G3N3S1S