These may have been the reason, too,
that Gala’s price was getting suppressed so much.
Hi, my name is Samuel James Price,
the Crypto Lifer and Gala had
an issue recently.
You know,
two of the big founders,
that started
the project were going at each other.
One said that the other had sold
$130 million worth of illicit coins
and that created a big mix up.
People started to sell off the coin.
made it feel like,
Wow, what's happening over there
at headquarters for Gala
created a lot of bearishness.
Is Gala going to recover?
Is this a good time to buy into the project?
A lot of people want to know.
Let's deep dive. Let's talk about it.
Let's break it down. curious.
I'm sure you are, too.
So we're going to take away
the moving average
is something that I use a lot
and you'll find out a lot about my style
if you learn about me.
I’m the Crypto Lifer, Sam Price,
I been on many different channels
talking about technical analysis.
And you know, anyway, here's the deal.
Gala is double bottoming here.
It's the lowest it's ever been.
Could it go lower? It definitely could.
You know something
that I've heard from beginners,
Is it can't go any lower
and that makes me laugh.
It can always go lower.
You know what I mean?
That's the sad thing about a trade
or stock or something.
It can almost always go lower.
Another thing is a bearish,
you know, look is a descending triangle.
And that that does have
some descending triangle vibes,
but it is a falling wedge nonetheless.
And they do break back to the upside
bit of a double bottom. There.
The three day chart very oversold.
And what you're always looking for
is a bullish divergence
on a bigger timeframe.
And you have a but you really don't
I mean, both of these are just still kind
of the same way, even like you had here,
you might get a push up.
But again,
so for me, if I really love this project
and I truly believe
that they're going
to work out their differences
and even if one of them
goes their separate ways,
the team building these
games and believing
Gala is still going to be strong,
but honestly, I don't have that conviction.
I don't know enough about the project.
It doesn't sit as well with me as it should.
So I'm more willing to believe
that, you know,
maybe it takes a while to get out of
to get this bearish news out
and there could be some lower prices coming.
Right now,
the key resistance is going to be 0.02142
So $0.02 and 1/10 of a cent,
0.0004 cent, 0.00002 cent
That's a key area
that you're going to want to break back
above for Gala to kind of even,
get some gain here.
If it does that,
that would tell me
it has some people watching
it could kind of pump it back to the upside.
And I'm okay
with missing a little bit of that pump
and possibly, you know, jumping back in.
You do are beginning
to get some type of bullish dip
is that's a very sharp downtrend
here on the price action.
And it's not as sharp
as a downtrend on the RSI,
however, it's not as strong as I would like
and you're still now
even below this resistance here.
So you're creating more resistances
on lower, lower, very low areas
and you know, you're battling.
So and again,
if Bitcoin takes another fall,
which may or may not happen depending,
it tends to be falling Bitcoin here.
I mean, you could get a fall too.
Bitcoin makes a huge pump.
It's likely to drag
Gala back up here too as well.
So I'd be watching Bitcoin closely
for any move the Gala makes.
It's going to be a very similar,
and they're not going to be 100% correlated.
And look at this.
I mean even right now the 4-hour
for Gala is overbought
and telling me that it's about to go down.
So if I had to bet
and I'm not a betting man, but I
if I had to take a trade, you're below
a point of control.
The stocks are pointing down on you.
Tells me the gal is going lower
down to one and a half pennies.
You know what I mean? One, four.
And we started selling this thing off
right at 16 and 17,
and it's just been going down ever since.
So And honestly,
Gala had been dumping It's almost like see
you can see now with the final was saying
like someone was dumping the coins right
look I mean someone started
dumping Gala heavily here
right in April
and then here and here
and every time it hit key levels
and they got, you know,
the person was just
dumping, dumping, dumping.
Interesting.
So these may have been the reason, too,
that Gala’s price was getting suppressed
so much.
Maybe that's bullish.
Maybe they found out
maybe he's done selling.
And actually,
you know,
now we know what happened
in price can reverse now.
So I just had an epiphany.
There's a chance
that it is the greatest opportunity
to get into Gala in your lifetime.
It depends.
You would have to truly
believe in the project
and have that conviction
at the present moment. I don't.
But I do believe it is going to be
you know,
I'll have to find out some more news
if the dust settles and we get back
above the key levels that I'm talking about,
I do believe it
can kind of get back in the motion
and we'll see it as a great metaverse
gaming coin.
They've done a lot of work.
They have a lot of people
that work on the project.
From what I've heard, you know,
I've never been there.
I've never walked into a desk.
So, you know, but from our research,
they seem to have what it takes.
The Rock and Mark Wahlberg's
name were somewhat involved in investing.
So that's kind of also, you know,
don't quote me on that.
You know,
I haven't 100% verified that,
but it seems to have been
verified on Twitter and many other places. Reddit.
So it is, you know, I am going by the community there. But
and everyone,
you know, if
you like these types of breakdowns
or we go over separate coins
or ideas from Cardano to Gala to XRP
and more even smaller coins,
you know, from Doge Chain
up to Shiba Inu and more
come to my live stream
every single Monday through Friday, 10 a.m.
to 12 p.m.
Saturday and Sunday nights at 8 p.m..
And I break down stuff like this
all the time.
You'll have a blast,
You'll meet other people
that are just really into to T.A.
and you'll learn really
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During basically my regular Daily Show, I'm
going over the DXY, S&P futures, NQ,
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And of course
bitcoin in cryptocurrencies
as a Crypto Lifer, but jump on in.
We do awesome T.A.
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on the next live stream.