GALA - GALA/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GALAUSD
ISIN:

GALA - GALA/USD - Daily - Technical analysis published on 10/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

72%

28%

My opinion

Bearish under 0.047269 USD

My targets

0.034760 USD (-21.04%)

0.032860 USD (-25.35%)

My analysis

In a bearish trend, the price of GALA - GALA/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.047269 USD. A bearish break in the support located at 0.034760 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.032860 USD. PS: if there is a bullish break in the resistance located at 0.047269 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GALA - GALA/USD price is 0.044020 USD. The price has increased by +20.18% since the last closing and was traded between 0.036310 USD and 0.044530 USD over the period. The price is currently at +21.23% from its lowest and -1.15% from its highest.

0.036310

0.044530

0.044020

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this GALA - GALA/USD chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.032860	0.044020	0.047269	0.069950	0.087910
Change (%)	-25.35%	-	+7.38%	+58.91%	+99.70%
Change	-0.011160	-	+0.003249	+0.025930	+0.043890
Level	Major	-	Intermediate	Major	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	0.032580	0.033890	0.035260	0.036570	0.037940	0.039250	0.040620
Camarilla	0.035893	0.036139	0.036384	0.036630	0.036876	0.037121	0.037367
Woodie	0.032610	0.033905	0.035290	0.036585	0.037970	0.039265	0.040650
Fibonacci	0.033890	0.034914	0.035546	0.036570	0.037594	0.038226	0.039250

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.028047	0.030263	0.033447	0.035663	0.038847	0.041063	0.044247
Camarilla	0.035145	0.035640	0.036135	0.036630	0.037125	0.037620	0.038115
Woodie	0.028530	0.030505	0.033930	0.035905	0.039330	0.041305	0.044730
Fibonacci	0.030263	0.032326	0.033601	0.035663	0.037726	0.039001	0.041063

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.019480	0.028970	0.034760	0.044250	0.050040	0.059530	0.065320
Camarilla	0.036348	0.037749	0.039149	0.040550	0.041951	0.043351	0.044752
Woodie	0.017630	0.028045	0.032910	0.043325	0.048190	0.058605	0.063470
Fibonacci	0.028970	0.034807	0.038413	0.044250	0.050087	0.053693	0.059530

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.00
MACD (12,26,9):	-0.0013
Directional Movement:	1.618918
AROON (14):	64.285714
DEMA (21):	0.034143
Parabolic SAR (0,02-0,02-0,2):	0.031932
Elder Ray (13):	0.001754
Super Trend (3,10):	0.038566
Zig ZAG (10):	0.038130
VORTEX (21):	0.8994
Stochastique (14,3,5):	79.21
TEMA (21):	0.035109
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.003050
Repulse (5,40,3):	10.6208
ROCnROLL:	-1
TRIX (15,9):	-0.7282
Courbe Coppock:	8.32

MA7:	0.035316
MA20:	0.035645
MA50:	0.040000
MA100:	0.047888
MAexp7:	0.036006
MAexp20:	0.036251
MAexp50:	0.040245
MAexp100:	0.051165
Price / MA7:	+24.65%
Price / MA20:	+23.50%
Price / MA50:	+10.05%
Price / MA100:	-8.08%
Price / MAexp7:	+22.26%
Price / MAexp20:	+21.43%
Price / MAexp50:	+9.38%
Price / MAexp100:	-13.96%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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