GALA - GALA/USD - 1H - Technical analysis published on 07/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 0.048653 USD
My targets
0.043537 USD (-8.75%)
0.037033 USD (-22.38%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GALA - GALA/USD. As long as you are under the resistance located at 0.048653 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.043537 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.037033 USD as an objective. If the resistance 0.048653 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GALA - GALA/USD rating is 0.047710 USD. On the day, this instrument lost -0.06% with the lowest point at 0.046520 USD and the highest point at 0.047810 USD. The deviation from the price is +2.56% for the low point and -0.21% for the high point.0.046520
0.047810
0.047710
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GALA - GALA/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on GALA - GALA/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of GALA - GALA/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.047620 | 0.047710 | 0.051496 | 0.056270 | 0.061660 |
| Change (%) | -0.19% | - | +7.94% | +17.94% | +29.24% |
| Change | -0.000090 | - | +0.003786 | +0.008560 | +0.013950 |
| Level | Minor | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043790 | 0.044720 | 0.046230 | 0.047160 | 0.048670 | 0.049600 | 0.051110 |
| Camarilla | 0.047069 | 0.047293 | 0.047516 | 0.047740 | 0.047964 | 0.048187 | 0.048411 |
| Woodie | 0.044080 | 0.044865 | 0.046520 | 0.047305 | 0.048960 | 0.049745 | 0.051400 |
| Fibonacci | 0.044720 | 0.045652 | 0.046228 | 0.047160 | 0.048092 | 0.048668 | 0.049600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.037033 | 0.043537 | 0.048653 | 0.055157 | 0.060273 | 0.066777 | 0.071893 |
| Camarilla | 0.050575 | 0.051640 | 0.052705 | 0.053770 | 0.054835 | 0.055900 | 0.056966 |
| Woodie | 0.036340 | 0.043190 | 0.047960 | 0.054810 | 0.059580 | 0.066430 | 0.071200 |
| Fibonacci | 0.043537 | 0.047976 | 0.050718 | 0.055157 | 0.059596 | 0.062338 | 0.066777 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009380 | 0.029500 | 0.041940 | 0.062060 | 0.074500 | 0.094620 | 0.107060 |
| Camarilla | 0.045426 | 0.048411 | 0.051395 | 0.054380 | 0.057365 | 0.060349 | 0.063334 |
| Woodie | 0.005540 | 0.027580 | 0.038100 | 0.060140 | 0.070660 | 0.092700 | 0.103220 |
| Fibonacci | 0.029500 | 0.041938 | 0.049622 | 0.062060 | 0.074498 | 0.082182 | 0.094620 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.90 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.816705 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.046725 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.046520 | |
| Elder Ray (13): | 0.000248 | |
| Super Trend (3,10): | 0.045992 | |
| Zig ZAG (10): | 0.047590 | |
| VORTEX (21): | 0.9943 | |
| Stochastique (14,3,5): | 64.20 | |
| TEMA (21): | 0.047171 | |
| Williams %R (14): | -12.04 | |
| Chande Momentum Oscillator (20): | 0.001670 | |
| Repulse (5,40,3): | 1.5705 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1131 | |
| Courbe Coppock: | 3.01 |
| MA7: | 0.050827 | |
| MA20: | 0.051538 | |
| MA50: | 0.055987 | |
| MA100: | 0.085260 | |
| MAexp7: | 0.047144 | |
| MAexp20: | 0.047108 | |
| MAexp50: | 0.048176 | |
| MAexp100: | 0.049809 | |
| Price / MA7: | -6.13% | |
| Price / MA20: | -7.43% | |
| Price / MA50: | -14.78% | |
| Price / MA100: | -44.04% | |
| Price / MAexp7: | +1.20% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -4.21% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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