GALAUSD
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#GALA Preparing for the Next Move đđ
GALA is showing signs of coiling up for the second half of its fractal pattern (Rally C). Based on historical patterns, the price could bottom out around February, similar to the last rally.
Key Observations:
1. Demand Level Retest:
⢠The divergence move on the Trend Reader suggests a retest of the demand zone before the next rally.
⢠The fractal pattern also indicates a revisit to this level as part of its natural cycle.
2. Long-Term EMA:
⢠The EMA is projecting flat readings, signaling a potential price dip before a rebound.
3. Trend Reader Signals:
⢠The Short Term Signal Line is nearing the oversold zone, and a crossover here could trigger a sharp price increase.
⢠The Long Term Signal Line indicates weakening long-term momentum, suggesting a selloff may follow after the next high.
Price Targets:
⢠7.7 Cents
⢠13 Cents
⢠16 Cents
Traders should monitor the demand level and the oversold crossover on the Trend Reader for entry points. Be cautious of potential selloffs after hitting the targets.
#GALAUSD #CryptoAnalysis #Binance250Million
Key Observations:
1. Demand Level Retest:
⢠The divergence move on the Trend Reader suggests a retest of the demand zone before the next rally.
⢠The fractal pattern also indicates a revisit to this level as part of its natural cycle.
2. Long-Term EMA:
⢠The EMA is projecting flat readings, signaling a potential price dip before a rebound.
3. Trend Reader Signals:
⢠The Short Term Signal Line is nearing the oversold zone, and a crossover here could trigger a sharp price increase.
⢠The Long Term Signal Line indicates weakening long-term momentum, suggesting a selloff may follow after the next high.
Price Targets:
⢠7.7 Cents
⢠13 Cents
⢠16 Cents
Traders should monitor the demand level and the oversold crossover on the Trend Reader for entry points. Be cautious of potential selloffs after hitting the targets.
#GALAUSD #CryptoAnalysis #Binance250Million
GALAUSD This pull-back is a great buy opportunity.
Gala (GALAUSD) gave us an excellent buy signal on our previous call (August 23, see chart below) as after some consolidation, it rebounded aggressively to its 0.786 Fibonacci and hit our 0.0600 Target:
This week's pull-back may be aggressive but so far is only a technical correction towards the 1D MA50 (blue trend-line). Its recent Golden Cross with the 1D MA200 (orange trend-line) on November 30, is the first such formation in 1 whole year (last one on December 05 2023).
As you can see, the two fractals are not identical but share certain symmetric similarities (also on CCI terms), so it is possible for this pull-back to reach as low as the 0.5 Fibonacci retracement level and then rebound.
Even though the March 10 2024 High was priced on the 1.786 Fibonacci extension, our next Target should be within the 1-year Channel Up (until broken), so we will be aiming for 0.11500.
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#GALA #GALAUSDT #signals #GALAUSD
This week's pull-back may be aggressive but so far is only a technical correction towards the 1D MA50 (blue trend-line). Its recent Golden Cross with the 1D MA200 (orange trend-line) on November 30, is the first such formation in 1 whole year (last one on December 05 2023).
As you can see, the two fractals are not identical but share certain symmetric similarities (also on CCI terms), so it is possible for this pull-back to reach as low as the 0.5 Fibonacci retracement level and then rebound.
Even though the March 10 2024 High was priced on the 1.786 Fibonacci extension, our next Target should be within the 1-year Channel Up (until broken), so we will be aiming for 0.11500.
Please LIKE đ, FOLLOW â , SHARE đ and COMMENT â if you enjoy this idea!
#GALA #GALAUSDT #signals #GALAUSD