✴️ GALAUSDT | Gala Games (Name Your Altcoin #1 ✅)

2 de fev. de 2023



Let's get started with your top altcoins choices and we are aiming to do 30-50 of these... 30-50 trade ideas based on your favorite altcoins.

The first one we go for is Gala Games (GALAUSDT).

We start with the daily timeframe and right away notice a few interesting details and bullish signals that needs to be pointed out.

Here is the chart:

After the July low, which marks the end of the strongest bearish impulse, we have a small bounce/relief rally that ended in mid-August.

From here a new downtrend forms shown here as a falling wedge.

Since the June low is the lowest level hit in years, it becomes our first main support turned resistance and so we mark this on the chart.

In December a low is hit and by the first week of January 2023 the bullish action is pretty clear... and thus we move to the bullish signals:

• A strong breakout out of the downtrend/falling wedge pattern favoring the bulls.
  
• Break and close of two important short-term moving averages in the form of EMA10 and EMA21.
  
• Trading volume starts to increase.
  
• The RSI becomes super strong.
  
• GALAUSDT moves above EMA50 and the secondary November low.
  
• GALAUSDT moves and closes above EMA100 and MA200, securing long-term potential.
  
• Finally, the pair recovers above the July 2022 low and now starts to consolidate.
  

All these signals are favoring the bulls.
The strongest signal is the recovery above the July 2022 and move above MA200.

The strong RSI and high volume support a true bullish breakout.

Looking at this same daily chart, the next target stands at EMA300 or 0.07390 short-term.

The weekly timeframe gives a better picture:

The 9-Jan week produced the highest volume ever, strong bullish confirmation.

The new bullish trend that is developing we can spot easily.

More targets show up, now the mid-term perspective and the Fib. golden ratio at 0.10827 comes up next but first, EMA50 needs to be challenged weekly and this coincides with another Fib. level in the 0.08640 to 0.08815 range.

When we zoom out we get the full picture, the long-term potential.



The log. scale helps us appreciate the major downtrend that has been broken as well as the "V shaped" bottom with the targets mapped at 700% and 1193%, still for a lower high.

The next bull market will hit new highs, new All-Time Highs and so the potential is much bigger than what we are displaying on this chart.

If you remove the log scale and switch to linear as the main chart above, you can understand what we mean by "this is only getting started"... It is easy to see action happening at the bottom, and once we hit bottom, the only place left to go is up.

Name your altcoin #1.

Namaste.