This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule.If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap.ĬoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies. This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only.
CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). Never take anything for granted and always do your own research. Keep in mind that all of the above are solely the writer’s thoughts. The demand zone where price is above right now is acting as support, but it seems like Gala bulls have to step in fast to keep the bullish scenario alive. The 4-hour chart shows multiple supply and demand zones. If bulls don’t step in here and reclaim a critical level, this recent all-time high could very well be a “blow off top.” Gala showed a 3000X increase in less than a year. The daily chart shows that Gala saw an immense increase in value. In this article, you didn’t get a review of the game, but instead solely a breakdown of what the chart of the native token, Gala, looks like. “Blockchain games you’ll actually want to play” is what Gala Games aspires to be. Losing the demand zones below would mean that bears remain in control. If they are too weak, Gala will continue to make lower highs and lower lows, like the trend of mid-November till now. If they manage to do so, Gala could actually start another leg up. However, the more the support gets tested, the weaker it will be - this means that bulls have to show up soon and reclaim the 4H supply zone above. Right now, Gala is using the 4H demand zone as support. That’s when the price makes higher lows, but the indicator (in this case, the RSI) makes lower lows. It is good to keep an eye out for an outbreak of both the price and the volume, as this will probably dictate the direction of the trend in the coming weeks.Īlso, there is a possible “hidden bullish divergence” forming. The bearish scenario would be if Gala loses the demand zone, which is now proven to be a support level, and continue the current downtrend from there on. The bullish scenario would be the reclaiming of the broken supply zone above, making it a support level and starting the next leg up. So - there are two probable scenarios from here on, a bullish one and a bearish one. Between these two zones, Gala will probably only range.
There is a D1 supply zone above the price, which is also marked. Gala came down to the untouched demand zone - marked with D1 Demand - and saw a short relief bounce after.
Gala broke out of that range, volume confirmed the outbreak and a little more than a week later, a new all-time high was made. From mid-September till mid-November, the Gala chart shows an accumulation range.
0 kommentar(er)
