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GALAUSDT trade ideas

GALA Up By 50% In A Year, Will This Trend Change Soon?GALA has a market cap of $1.44 Billion and is ranked 69th in the CMC. It has a VM ratio of 0.2 hinting towards the consolidation in price. GALA token price is currently trading near $0.04 with a gain of 1% in the intraday session. The asset price is currently trading in a consolidating range on the daily chart. It is trading below the 50 and 100 EMA. The upside momentum of GALA token price can see a halt near $0.055. Meanwhile the support price can be seen near $0.039. The RSI of GALA is near 57 suggesting its presence in a slight oversold zone. The overall sentiment of the indicator is weakly bullish in nature
by Ritika_TCR
1
GALA: Can We Expect a Major Bullish Reversal? 🌟💎 Paradisers, #GALAUSDT has broken out of the resistive trendline and formed a cup and handle pattern, which increases the likelihood of a reversal from here. 💎 If #GALA breaks above the resistance zone and closes a candle above it, this will validate the cup and handle pattern, and we can expect a bullish move. 💎 In the case of a pullback, we can expect a bounce from the demand zone. 💎 However, if there is a breakdown of the demand zone, it will invalidate the cup and handle pattern and the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
GALA Green Light: Buy Now, Reap the Rewards Later! **Recent News:** - GALA has experienced significant price movements, with predictions suggesting it could surpass $0.45⁵. - The token has seen a 100% price jump in two days amid a GameFi frenzy⁵. - There have been concerns about a potential multi-billion-dollar exploit, but the company has reassured its community⁸. **Fundamentals:** - GALA is the utility token for Gala Games, used for purchasing NFT items and as a reward for Founder’s Node operators⁶. - The total daily emission of GALA is halved each year on July 21st⁶. **Disclaimer:** - Cryptocurrency investments are subject to high market risk. Please make your investments cautiously. GALA coin is a part of the cryptocurrency market, which is volatile and unpredictable. It's important to do your own research and consider seeking advice from financial advisors¹.
Long
by MoonTradingForecast
Gala: Bullish Reversal Ahead! Watch for Breakout Confirmation 🚀💎 GALA has recently broken out of a descending channel and formed a cup and handle pattern, indicating a potential bullish reversal. Additionally, the price has exhibited signs of CHoCH (Change Of Character) and BOS (Break of Structure), further supporting the bullish market structure and increasing the likelihood of a bullish move. 💎If GALAUSDT manages to break above the resistance level, it would confirm the cup and handle pattern and could lead to a bullish continuation towards the next resistance level. In the event of a pullback, we can anticipate a bounce from the bullish OB (Order Block), especially if accompanied by bullish candlestick patterns, which would provide confirmation of the bullish bias. 💎However, if the price exhibits sharp declines with significant red candles, it would be prudent to exercise caution and wait for better price action confirmation before considering entry, as this could indicate a potential reversal or market uncertainty.
Long
by MyCryptoParadise_Nathan
GALA/ Price Prediction 2025: 50x Potential in Bull MarketINDEX:GALA Price Prediction 2025: This Gem Could Make You Rich With 40-50X Growth If price action follows my Elliott Wave count, #GALA has explosive potential by 2025 I expect a 20-30% retracement to the 0.786 level - an ideal accumulation zone IMO. - Entry Target: $0.014 to $0.017 - Breakout Level: $0.036 - Post-retracement, GALA could deliver 40-50X returns in the bull run to new highs - Bull Run Price Targets: $0.50/$0.70/$1.00 My analysis suggests GALA could retrace short-term to $0.015 before its next parabolic leg up to $1 in 2025 for 50X gains. Strategic accumulation ahead. Share/Comments if you Are also GALA Lovers.
Long
by CryptoPatel
1
GALA Triangle Pattern: Bullish Divergence Sparks Upside Soon!💎 Paradisers, let's zoom into GALA/USDT. The daily chart is sketching out a triangle pattern, and there's a bullish divergence hinting from the MACD. However, based on past observations, we might witness a consolidation phase that could last days or even weeks. 💎 For a solid bullish signal, keep an eye out for a break above the triangle pattern's resistance trendline. Post-consolidation, a surge past the 0.02881 resistance (also a previous lower high) would be our green light. If this happen, we're setting our sights on potential climbs to resistance markers at 0.03313, followed by 0.03857 and possibly even 0.04782. 💎Stay informed and navigate wisely, ParadiseSquad!
Long
by MyCryptoParadise_Nathan
GALA/USDT Targets Buying Area with PotentialIn this technical analysis, we'll explore the GALA/USDT's Harmonic patterns suggest a rejection from the current market price, signaling a potential bounce opportunity. Buying Area - 0.02375 - 0.02400: Our analysis indicates that the GALA/USDT pair has a strong buying area ranging between 0.02375 and 0.02400. Traders seeking an entry point should consider accumulating GALA within this range, as it presents a favorable risk-to-reward ratio. Price Target - 0.02490: Based on our technical analysis, we expect GALA/USDT to experience a potential bounce in the near term, with a target price of 0.02490. Traders can anticipate potential profit-taking opportunities around this price level. Harmonic Pattern and Price Rejection: A harmonics pattern has emerged on the GALA/USDT chart, suggesting a possible rejection from the current market price of 0.02430. The pattern indicates a corrective move, leading the price towards the aforementioned buying area of 0.02375 - 0.02400. In summary, the GALA/USDT trading pair presents an intriguing opportunity for traders. The identified buying area of 0.02375 - 0.02400 offers a favorable entry point, while the price target of 0.02490 signals a potential upside.
Long
by Un_trade
Gala Long ideaGALAUSDT has been in a consolidation phase for the past few weeks, with the price range between $0.046 and $0.048. However, there are several bullish signs that indicate a potential upward move in the near future. Firstly, its sitting on major support and all EMAs are acting as support as well Furthermore, the recent bullish news surrounding the project could also drive demand for GALA. The team has announced partnerships and collaborations with several gaming and blockchain projects, and there has been significant growth in user adoption and transactions on the platform. Therefore, I believe that GALAUSDT presents a good long opportunity with a potential price target of $0.06, 0.7. However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions. Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
Long
by kanhaguptaa
#GALA/USDT #GALACOINTrade Setup with Technical Analysis #GALA/USDT (BINANCE)1 day chart. STOP LOSS :- 0.03914 BUY AROUND:- 0.04176 SELL TARGET:- 0.04600 Risky Target 🎯 : - 0.04700 , 0.04900 Fundamental Analysis of #GALA Market Latest updates :- The social and mobile games company that launched video games Poker and Farmville. As of April 2022, Gala Games has over 1.3 million monthly active users and has sold roughly 26,000 NFTs, with the most expensive one worth over $3 million
Long
by Cryptbergofficial