GALA/USDT on a major zoneHey Traders!
Another one we would like to talk about is going to be GALA coin. Well we have approached this major resistance zone for this coin which finds it hard to break (But still doesn't give up) We have here pretty much two possible scenarios where both of them will be determined one we see if resistance will be strong enough to hold or weak and let the price to pass!
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GALAUSDT.PS trade ideas
A SCHEMATIC DISTRIBUTION SETTING
i can clearly identify a change in trend and a ranging market. with the help of a channel i identified price ranging within the channel, so i expect price to play a full schematic distribution settings before continuing with the current trend. it all depends on the #BTCUSD trend and fundamental bias. BINANCE:BTCUSD
GALAUSD Monthly S/R| Higher Low Pull Back| .618 Fibaoncci|OBEvening Traders,
Today’s second analysis – GALAUSDT- rejection from its Monthly S/R and is looking for a higher low,
Points to consider,
- Price action impulsive
- .618 Fibaoncci Resistance
- Order Block support
- Key Swing Low
GALAUSDT’s immidate price action has found resistance from its Monthly level that is in confluence with the .618 Fibonacci, allowing for a bearish bias.
The immediate objective is the lower Bullish OB, this area has the .618 Fibonacci support and a key swing low
Holding this area will allow for a potential higher low, and a long position
Overall, in my opinion, GALAUSDT is a valid long after a pull back with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
🔥 GALA Rising Wedge: Wait For TriggerGALA has been one of the leading bulls over the last few weeks. However, a rising wedge pattern has emerged on the chart. Rising wedge patterns are classically bearish reversal patterns.
I'm waiting for a break of the bottom support of the pattern. Targets in blue.
Be patient for the break out, it might very well be the case that it won't come at all and that we keep moving up.
After all, I think that GALA will continue to move up over the next few weeks.
GALAUSDT NEST MOVE!!!!!Here you can see GALAUSDT in 1 day time frame has a SUPPORT at the zone "0.04305". And the candle already has taken BREAKOUT from the yellow reandline and if the candle tries to take retest in the trendline we can see a good ullish movement in price. So you can go for a risky LONG TRADE at the support zone. and if the price takes breakout from the support then we can see a good downfall in the market.
GALA Forecast ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.