GALA - GALA/USD - 1H - Technical analysis published on 11/27/2022 (GMT)
- 163
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 0.025820 USD
My targets
0.024528 USD (-2.20%)
0.023840 USD (-4.94%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GALA - GALA/USD as long as the price remains well below 0.025820 USD. The sellers' bearish objective is set at 0.024528 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.023840 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.8
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 0.025080 USD. The price is lower by -0.04% since the last closing and was traded between 0.025030 USD and 0.025170 USD over the period. The price is currently at +0.20% from its lowest and -0.36% from its highest.0.025030
0.025170
0.025080
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GALA - GALA/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.023840 | 0.024528 | 0.025080 | 0.025157 | 0.025820 | 0.026211 |
| Change (%) | -4.94% | -2.20% | - | +0.31% | +2.95% | +4.51% |
| Change | -0.001240 | -0.000552 | - | +0.000077 | +0.000740 | +0.001131 |
| Level | Minor | Minor | - | Intermediate | Minor | Major |
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 | 0.023603 | 0.024237 | 0.024663 | 0.025297 | 0.025723 | 0.026357 | 0.026783 |
| Camarilla | 0.024799 | 0.024896 | 0.024993 | 0.025090 | 0.025187 | 0.025284 | 0.025382 |
| Woodie | 0.023500 | 0.024185 | 0.024560 | 0.025245 | 0.025620 | 0.026305 | 0.026680 |
| Fibonacci | 0.024237 | 0.024642 | 0.024892 | 0.025297 | 0.025702 | 0.025952 | 0.026357 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019273 | 0.021557 | 0.023323 | 0.025607 | 0.027373 | 0.029657 | 0.031423 |
| Camarilla | 0.023976 | 0.024348 | 0.024719 | 0.025090 | 0.025461 | 0.025833 | 0.026204 |
| Woodie | 0.019015 | 0.021428 | 0.023065 | 0.025478 | 0.027115 | 0.029528 | 0.031165 |
| Fibonacci | 0.021557 | 0.023104 | 0.024060 | 0.025607 | 0.027154 | 0.028110 | 0.029657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015197 | 0.023333 | 0.032657 | 0.040793 | 0.050117 | 0.058253 | 0.067577 |
| Camarilla | 0.037179 | 0.038779 | 0.040380 | 0.041980 | 0.043581 | 0.045181 | 0.046782 |
| Woodie | 0.015790 | 0.023630 | 0.033250 | 0.041090 | 0.050710 | 0.058550 | 0.068170 |
| Fibonacci | 0.023333 | 0.030003 | 0.034124 | 0.040793 | 0.047463 | 0.051584 | 0.058253 |
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): | 42.65 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -14.755865 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.025217 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.025619 | |
| Elder Ray (13): | -0.000130 | |
| Super Trend (3,10): | 0.025631 | |
| Zig ZAG (10): | 0.025090 | |
| VORTEX (21): | 0.9095 | |
| Stochastique (14,3,5): | 21.12 | |
| TEMA (21): | 0.025123 | |
| Williams %R (14): | -80.61 | |
| Chande Momentum Oscillator (20): | -0.000550 | |
| Repulse (5,40,3): | -0.1792 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0081 | |
| Courbe Coppock: | 3.31 |
| MA7: | 0.025220 | |
| MA20: | 0.027621 | |
| MA50: | 0.033115 | |
| MA100: | 0.039900 | |
| MAexp7: | 0.025138 | |
| MAexp20: | 0.025271 | |
| MAexp50: | 0.025275 | |
| MAexp100: | 0.025380 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | -9.20% | |
| Price / MA50: | -24.26% | |
| Price / MA100: | -37.14% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | -1.18% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GALA - GALA/USD - 1H