GALA Games Making MASSIVE Moves in 2022 | GALA Price Prediction

Hey guys what’s up it’s frank here from Altcoin buzz and today we have a very Interesting cryptocurrency to look at Which of course is gala currently in 93rd place Gala is experiencing a contraction which It has not seen for many many months in Fact it’s been over a year since we’ve Seen this type of contraction this type Of consolidation and it is going to Spell the future for gala the coming Weeks what happens in the coming days is Going to dictate what will happen over The coming weeks so now is a very Important time to be looking at this if You stick around until the end of the Video i will tell you what that is we Will also look at this other analysis by A fellow trader here on trading view Because i happen to agree with what they Are saying and if this is true then as Mentioned we are going to see some Explosive moves over the coming weeks Now for those of you who don’t know Altquin buzz is first and foremost a Crypto investment research company and We have been providing you numerous 100x Returns since 2017. so if you want to get in on that Action join our altcoin buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies

So if you want to take part in the Action click the link up above or down In the pin comment section down below Also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any future Updates And finally please note that none of This is financial advice Now allah is holding on just about to Its position in the first page of coin Gecko currently in 93rd Place now before we go to the daily time Frame to see what this contraction of The blue bands mean let’s have a look at The bigger picture and the bigger Picture is of course bleak when it comes To gala from the all-time high we have Seen a 94 Retracement so very very brutal Retracement and certainly we are very Much in a downtrend on the weekly chart And the trend is your friend but of Course only until the end and the end is Likely near for gala if you ask me We have seen one two three four five Six seven eight nine weeks of red you Know similar to when people are getting Greedy and the price is going up and up And up it’s probably not a good time to Buy now is probably not a good time to Sell and conversely it might even be an Interesting time to buy of course this

Is not financial advice but if we go to The daily time frame here And we get our trusted bolinger bands or Bollinger bands We can see that these blue lines are Incredibly tight right now in fact we Haven’t seen the blue lines of the Bollinger bands this tight ever since November 2021 and of course when they Were very tight here when we did break Out of these bollinger bands and a Breakout constitutes a candle close Above the contracting lines Then we saw an absolute monumental Explosion in price from there if you had A bought on the breakout you would have Seen a 570c Percent Return on your investment potentially if You have sold at the very top but anyway The point is that we are now waiting for A candle close either above this blue Line or a below this lower blue line and If we close below then of course we will Likely see a swift move down to the next Support level at the 0.05 Level But if we break above it then of course We do have this initial resistance Marked by the volume profile this yellow And blue Bar here on the right so we might see Some initial resistance But the good news is for the bulls is

That if we break it we will likely see a Move out of here we will likely see much More further upwards price action Because we have a liquidity gap all the Way between 0.125 And 0.193 dollars so what that means is that We could likely see a very explosive Move they’re after up to 55 potentially And here one of my fellow traders Roanoke crypto is agreeing with that a Valid breakout may provoke a 55 Surge whereas if we break the key Support we could see a 29 to 38 drop so With that being said let’s have a look At the resistances and supports this Supports the Most major one is the 0.0699 We saw this support multiple times in The past Last year in november And october and of course we found Support here we did have a candle close Below it but this was a fake out the Wick took us right back up So really we want to hold this as Support because breaking this will not Be good news for the bulls and if we do Break it the next notable support is the 0.05 dollar level now when it comes to Resistance the initial resistance is the Previous daily high at the 0.09 dollar Level the next would be the Psychological resistance of the 0.1

Level and then finally the 0.12 Level which would mark the top of this High volume profile this peak volume Profile range and if we break that then It’s you know it’s all systems go for The bulls and as mentioned we could Likely see about a 55 Move up thereafter so now is a very Important time to be looking at the Charts to be waiting for this potential Breakout and of course we also have this Bear flag which has formed this Triangular pattern which technically is Usually a bearish pattern but of course We can also break to the upside and as Mentioned if we do there’s likely going To be Less Friction there’s going to be A lot of upside potential all right guys That’s been it from me for today if you Enjoyed this video feel free to check Out some of my other cryptocurrency Technical analysis videos i break things Down in a simple and easy way for you to Understand here on altcoinbuzz and with That being said i’ll see you in the next One [Music]