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GALA / TetherUS

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GALAUSDT trade ideas

GALA continued its price increase after a shallow correctionIn the last 24 hours, GALA continued its price increase after a shallow correction. This modification did not reach the specified range due to the high power of the buyer. The strong upward movement and the continuation of the spike phase broke the ceiling of the descending channel. So, in the daily time frame, due to the formation of a higher ceiling than the last ceiling, we see the initial signs of a trend change. This strong bullish candle can also be seen in the weekly time frame. Therefore, we can expect a price correction according to the shape of the candles in the 4-hour timeframe. The candle, which formed the highest level, hit the range of $0.040, and on the other hand, the close of the candle was in the middle of the range of the candle, which indicates that the possibility of sellers entering and creating a range trend has increased. So, in case of correction, we can consider two supports. The first support is in the range of 0.030 to 0.028 dollars, and the second is in the range of 0.025 dollars. If the price reaches these levels and we see signs of support, we can expect the price to grow. The medium-term target range of $0.062 to $0.070 can be a profit-saving area for medium-term buyers.
by MonoCoinSignal
9
GALA - Potential SHORT - 1hrly (with addition daily resistance) Trading view post: Trade Status: ACTIVE Trader: Drizzzled (AUS) Trade Type: SHORT (RE-ENTRY/DCA/LADDER previous entry post Entry 1: 0.03749 (or any of entry 1 box options) -if missed focus on next entries. Don’t stress. Entry 2: 0.04410 “” Entry 3: 0.05092 “” Entry 4: 0.06057 “” Entry 5: Entry 6: Entry 7: Stop Loss/ladder re-entries: Entry 1: slight light above 0.04001 (gann res) -slightly below your re-entries -5-10% move from your chosen entry 1 -slightly above/below entry/key resistance -1:1 or to own personal risk factor Entry 2: “” Entry 3: “” Take Profit Targets: - 0.02888 - 0.02233 - 0.02139 - Comments: -move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit. -emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too. -by all means you can long from the daily open to these higher target ‘short’ entries. -you don’t have to enter at ‘entry 1’ if you would rather enter higher. -level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy. -don’t hesitate to dm me for guidance :)
Short
by Drizzzled
7
GALA: Channel Down BreakoutTrade setup: Bullish breakout from Channel Down pattern and above $0.025 resistance, which confirms the channel breakout. Price is now up against another resistance (~$0.032) and is getting overbought (RSI > 75). Pattern: Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $0.017. The nearest Resistance Zone is $0.025, which it broke, then $0.032, and $0.045.
Long
by altFINS
1
GALA: at this point wait to shortOk, here the daily chart: I think that until BTC stays in green various alts could do this dead cat bounces, in this case it's too late to jump on the longs but you could wait for shorts. Considering that a pin bar (shooting star in this case) already happened below the first level at which I'd attempt a short I'd set a sell order over that OB. Let's say around 0.0245 USDT. It might go but also fail, I wouldn't risk too much though so set the SL accordingly. If price oges over 0.255 I'd wait for the second OB to short. I'm still not trading actively because of my dissertation, soon I'll finish it and I'll start again. Good luck
by Shotokhan
4
🔥 GALA's Bottom Is Likely In: Pump Ahead!Yesterday I made an analysis on GALA where I discussed the possibility of the bottom being in for this severely shorted coin. My first target, the top dotted resistance, got hit within hour. Congratulations if you took the trade. I wanted to wait and see what the price would do on the dotted trend line. We would either reverse of break out. As of now, we can see that GALA saw a big break out right through the resistance. In my view, this is very bullish. Furthermore, I'd even argue that GALA's bear market bottom is likely to be in. Sure, we can see another drop, but I doubt that GALA will drop over ~45% over the next months, unless we get some severe sell-off (sub 10k) in Bitcoin. My targets are in blue.
Long
by FieryTrading
9
GALA has registered a 30% growth in the last 24 hoursGALA has registered a 30% growth in the last 24 hours. The price is in a long-term bearish channel on the daily time frame, which has recently generated a strong positive reaction and a strong increase in demand by hitting the $0.01600 support area. This strong return has caused the price to reach the ceiling of the descending channel. According to the type of encounter, there is a possibility of breaking this dynamic resistance and leaving the descending channel. GALA cryptocurrency is in the ranges that were first traded at these prices. You can consider a downward trend line on the RSI indicator in the daily time frame. This trend line is broken and pullback to the range of 29-30 on the RSI; we can expect a strong positive reaction. The break that happened in the $0.020 range was fake, and a return to this range could bring a positive reaction. Strong support is considered in the daily time frame between $0.018 and $0.020, which pullback and return to this area can bring a strong positive reaction. Also, in this time frame, we see an upward spike phase formation. If we observe a reaction to the channel ceiling in the lower time frame, there is a possibility of forming a double ceiling pattern and correcting towards the specified support. The closest support to the current price is considered in the range of $0.0220-0.0226, which could bring a positive reaction. The main static resistance is in the range of $0.0245 to $0.0255, which has seen a negative reaction to this level twice.
by MonoCoinSignal
4
Gala To Retest $0.02 Cents 4 Hourly Time FrameReally nice pump out of Gala on the 4 Hourly. Fully blown and overbought on all oscillators and we have formed a nice peak. Remember it's all about the peaks and the troughs. If you're shorting wait for those troughs to play out. This wave is starting to loose momentum on the 4 hourly. Looking for us to retest around 2 cents for support or come down at least 5% from these levels. I'm a long term bull on Gala and will be accumulating more below 2 cents. Short term bearish on the 4 hourly. Much peace, love, health, and wealth!
Short
by peacefuljustin
1
GALAUSD Weekly S/R| Price Action| POC| Impulse Evening Traders, Today’s analysis – GALAUSD- trading at a key resistance zone where a rejection is probable, Points to consider, - Price action impulsive - POC S/R Resistance - Climatic Node - Daily S/R Support GALAUSD’s immediate price action is testing a resistance zone that is in confluence with the POC and a Weekly S/R, allowing for a bearish bias. The current volume node is climatic; this is evident of temporary top if bull volume does not persist. The immediate objective is the lower order block support, price has technical merit to retest the region. Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above the POC. Hope this analysis helps, Thank you for following my work And remember, “It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Short
by AzizKhanZamani
4