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...
Probably move to the specified area Inverse head and shoulders Sl:0.13329 Tp:0.1484
Watching for the continued development of the Elliott wave now that Gala has started to expand. At this time, the retracement entry zone is dependent on where the 5th wave finishes. Price action will be monitored as the candles continue to print.
Price has painted a nice gartley, and you can see this long term triangle being formed. There's actually two triangles here, and depending how bullish it is, either the yellow one will act as support, or it might try for 0.17 again, but that would be like a 50% drop, so probably not. Fib extensions have given further upside resistances.
Gala is forming a bullish harmonic bat. Reposition sa D Leg ng harmonic bat $0.22102
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...
setup analysis: price broke support and closed below - bearish divergence - supply zone
GALA looks like it has nearly 200% upside from here after giving us a Break Hook and Go confirmation on a Bullish Dragon and springing back above an old Support level.
Retesting the ascending channel if break out then going up to higher resistance Trade safe n fun always SL.
Gala broke out of the daily resistance, retracing and bouncing off the .618. Also touched the 4 hr order block. Looking for continuation from here. All dependent on BTC of course. NFA
The Gala games are giving multiple indications of a sell off. The multiple timeframe OB was filled, as well as the Fair Value gap. The way I see it, the liquidation from the tripple top X has been taken; and smart money has already startet mitigating their positions from the volume profile POC
huge triangle on daily, momentum going up, hope we see a good volume increase to take us to the targets shown up
Hi All, Like most charts now, its difficult to find an entry. We have a 50/50 chance to go either way, just like BTC . If it breaks below, then its worth the trade and have a tight stop loss as it could be a fake out. Just depends how it does it. The structure is like a reversal but one can't be sure of anything when it comes to these formations. I did miss...
The breakthrough occurred exactly at the point I pointed out in the previous idea. If it is valid, it can go up. At the moment, however, the complete market is in the decisive phase of which direction to decide.
Log scale shows a massive pennant forming for GALA. If the lower trend line holds and BTC remains bullish, there is a possible bullish breakout that could be coming in the next few weeks. Invalid if the lower trend line breaks. Major horizontal support around $.18
GALA balances on the edge of support and decides which target to go for. Not the financial board. Just for fun.
I like to invert the charts sometimes for a different perspective. We can see that on the inverted chart, GALA was in a massive rising wedge for about 75 days, broke down, and looks to be in another possible rising wedge. It'll be interesting to see where GALA is later this year. Happy trading :-)
EYES on gala for bounce at 22 cents with a potential wick to about 15 cents. She's a wicker