GALUSDT On the Edge of Another Explosive Bull Rally? Yello, Paradisers! Are we on the verge of a major move for #GALUSDT? Let's dive into the key levels and potential scenarios to watch out for.
💎#Galxe has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. The POC of VRVP is acting as a significant support for #GAL, providing a solid foundation for potential upward movement.
💎 AMEX:GAL is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish Order Block (OB) around $1.980 could be on the horizon. This area is packed with liquidity and could propel GAL towards a breakout.
💎If #GAL can break above the descending resistance, supported by the liquidity at $1.980, we could see a strong bullish move toward the major resistance zone around $4.000.
💎Should the current resistance hold, we might see a retest of the key support level at $1.680. This retest could provide the necessary rally for a breakout. If the key support at $1.680 fails to hold, #GALUSDT could face increased bearish pressure.
Remember, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
GALUSD
GAL looks bearishFrom the place we inserted "start" on the chart, it looks like the GAL triangle has started.
To complete wave E, it can rise above the green range.
The red area is the right place for the E wave to end.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Galxe (GAL): Will we see a rebound to $5.85?Looking on BINANCE:GALUSDT , we are currently witnessing an interesting scenario. Following a prolonged accumulation phase within a specific trading range, there was a significant sell-off that led to a breakout downwards, entering what is often referred to as the "Manipulation Area" and specifically into Wave (4), just below the 50% retracement level.
The most significant volume node, where the bulk of trading has occurred, is around $3.35.
This is precisely where we have positioned our entry. Although our last attempt to re-enter the old range was unsuccessful, we are optimistic about re-entering the range this time and at least reaching the upper end of the range.
Ideally, we would surpass the range high to fully complete Wave (5), aiming to revisit the previous high of $5.85 from Wave (3). This setup could potentially offer us an appealing swing trade opportunity,
Correction wave then continue rising.* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
GAL LOOKS VERY BULLISH (1D)It looks like a double correction has ended (zigzag + triangle)
In the second part of the correction, after wave X, we have a bullish triangle, which now looks like its wave E (which is a contraction triangle) is ending.
Demand range is the right place to enter buy/long position.
We have specified the targets on the image.
Closing a daily candle below the green box will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GAL Adam&EveIt appears that there is an Adam & Eve pattern forming within GAL coin. If this pattern successfully plays out and GAL manages to breach the neckline, I anticipate a potential price surge toward the range of 3.90 to 4.10.
This is my trial. Not a Financial Advice.
Good luck everyone.
GALXE --- #GAL Inverse Head & ShouldersI mentioned GALXE as a new altcoin to keep an eye on at the start of 2023
And it has been a solid if not spectacular performer since than.
It has now formed a inverse head & shoulders
with the Neckline at $2.8
we are going to have a mega #ALTCOIN rally!!!!!!!!!
Imminent. I believe. Right now.
Whatever #ALTS you have
make sure to lock in some profits as we charge up.
(whether back into BTC or ETH or SOL)
A granny will sell half on a double till infinity.
on the other end of the scale selling 10% after a 10X
It's all personal of course.
GAL ANALYSIS The GAL symbol is inside a large diametric. Now we seem to be in branch F. The F branch itself has become a diametric, which seems to be inside the E wave of this diametric. Upon reaching the supply zone, we expect price rejection. It may react to the DEMAND range during the downtrend
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
A Deep Dive into GAL's Market LandscapeLet's delve into the ins and outs of GAL's price performance. We'll start by checking out the one-hour chart, which offers some clear insights into the asset's present condition.
GAL's Fibonacci retracement levels are sitting at 1.226, 1.148, and 1.069. These levels are derived from key swings in price, and traders often watch them for potential resistance and support zones. The Bollinger Bands, which measure GAL's volatility, range from 1.033 to 1.216, with the middle band smack dab at 1.125. If GAL’s price continues to hover around the upper band, we might see some bullish momentum in the short-term.
On the sentiment side, the Relative Strength Index (RSI) is reading 72. This suggests that the asset is inching into overbought territory, which could mean a potential price correction on the horizon. The volume oscillator, currently at -9.33%, signifies a decrease in trading volume. That could impact GAL's price trend, making it less robust. The Stochastic oscillator stands at 82, echoing the overbought market condition reflected by the RSI.
The On-Balance Volume (OBV) indicator, which relates volume flow to price changes, shows -3 million. This might point towards selling pressure, while the MACD (Moving Average Convergence Divergence) reading at 0.035 signals potential bullish market sentiment. These contrasting indicators suggest a mixed market mood, urging traders to tread carefully.
Now, let's talk prices. GAL currently trades at 1.198, a commendable 11% surge in the last 24 hours. Its 50-period Exponential Moving Average (EMA) sits at 1.090, reflecting the current uptrend.
Zooming out a bit, from May 24th to June 5th, GAL consolidated between 1.3 and 1.39. After this period, it dropped to 1.148, bounced back to 1.226, dipped again to a low at 0.885 before rallying back up.
Pivot to the 4-hour chart, and the Fibonacci levels adjust to 1.362, 1.1, and 0.837. These new levels suggest a stronger resistance at 1.362 and robust support at 1.1.
To wrap it up, GAL's market situation is a bit of a mixed bag. While the current uptrend and MACD readings hint at possible bullishness, the RSI and Stochastic point towards overbought conditions, suggesting potential price pullbacks. Additionally, the reduced trading volume and negative OBV may inject some uncertainty into GAL’s price movements. As such, investors and traders should exercise caution and stay alert for signs of change. Remember, the best approach balances technical analysis with fundamentals and broader market conditions. Keep your eyes open, and happy trading!
GAL LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GAL is still bullish however expect a correction soonGAL is currently experiencing a bullish trend, which is great news for investors. However, there are signs that a correction is looming on the horizon. The asset has become overheated and is due for a cooling off period. This correction could take the form of a short-term dip, but it's important to be aware that it's just another bearish cycle that will hopefully not last for long. Despite this temporary setback, the long-term outlook for GAL remains positive, and investors should not be discouraged by this correction. By exercising patience and caution, traders can take advantage of the upcoming correction and position themselves for future growth.
GAL LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the GAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GALUSDT potential bottomToday price has reached and so far bounced off the Fibonacci support. While the downtrend is still intact, we might see a strong correction as long as support holds.
Galxe GAL price out of the downtrend, what is the growth goal ?From the description of the Galxe (GAL) project, we can conclude that the project was built by a team with experience for future development in the WEB3 direction.
The only obvious thing that the project creators miscalculated was the moment of listing, when the crypto market was in the active stage of a downward trend. Or maybe it was intended that way?)
In fact, from the moment of listing to the present day, the price of GALUSDT has been in a downward trend.
And today, buyers loudly "slammed the door" and said goodbye to the downward trend.
They broke up the trend line in a big way, with the price rising by 50% in a few hours
However, the price hit a strong liquidity zone of $2.20-2.40 , which, in our opinion, will not be able to break through the first time.
A correction to the $1.35-1.50 zone is possible , where it will be more confident to buy GAL for a medium- and long-term portfolio.
The first medium-term target that can be seen from above is $4.25
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GALUSDT Short Setup!GALUSDET Technical analysais update
GALUSDT Broke its major support zone, expecting more drops in the coming days.
Short level : $2.19 - $2.25
Stop loss : $2.38
TP 1 : $2.05
TP 2 : $1.85
TP 3 : $1.55
Always keep stop loss
GALUSD | Wave Projection | Target Triangle 4-Wave BreakoutPrice action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
Project Galaxy (GAL) formed bullish Gartley for upto 15.50% moveHi dear friends, hope you are well and welcome to the new update on Project Galaxy (GAL) token with US Dollar pair.
On a 4-hr time frame, GAL has formed a bullish Gartley move. There is also a bullish divergence as the priceline is forming a lower low but RSI is setting a higher low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GAL COIN ELLIOT WAVE NEW PLAN3.423 dollar still be interesting as entry point.
The plan still same just re count Elliot wave .
we haven't done the sub wave yet, just wait to complete the big wave 3.
GAL Project Galaxy LONG 20220802Red -> Green
Context: Green
GAL, GALUSD, GALUSDT, GALUSDTP, CRYPTO, CRYPTOCURRENCY, Project Galaxy
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
GAL SqueezingEntering position at 2.85$ with an immediate SL at 2.67$.
First target 4.2$, then 6$, 8$ and 12$.
BB on 4h and Daily are squeezed hard. RSI was inside a chanell and pushed up.
Aswell has a chance to dump if btc drops right now.
As we know : BB squeeze usually you enter the trade depending on the direction of the breakout.
Project Galaxy GALIt's been stuck in this channel since release.
If my research is good, this project will be very profitable: Web 3, a ton of campaigns with BNB + CMC, NFT's, etc.
I've started to buy at 11.5$, then 8$ then 6.3$ and will keep adding if it goes to 4.5~5$ or lower. For now, my average price is 8.9$
Not advice for anyone. The chart is for me to check months after how it went ))
GAL Technical Analysis After breakout GAL has broke out of the triangle pattern on chart a few days ago, and has recently broke out of the bull flag, due to a strong trendline(blue in chart). However There is a resistance at the $3.400 area, and GAL will need to break this to continue the new move.
The RSI has a bullish Divergence from a few weeks ago. An interesting thing is also an RSI ATH in the 4H chart. The 9 EMA has been trailing nicely in the past candles except when price fell back to the blue support. The breakout volume is strong in lower timeframes, although not in the 4H timeframe as of the moment.
A good first TP when Long will be at the 0.236 Fib at $3.625, then the next TP will be at $4.000, a "milestone number". Stop loss will be at $2.800-$3.000. You can also short the resistance, although you may be going against the trend. If you intend to trade this, please do your own analysis first.
If bitcoin continues going sideways/breaks out, the likelihood of this hitting the TP is stronger.
Again, do your analysis first when trading, and have a good day.
