GALA - GALA/USD - 1H - Technical analysis published on 12/31/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 0.016776 USD
My targets
0.016330 USD (-1.03%)
0.015470 USD (-6.24%)
My analysis
The bearish trend is currently very strong for GALA - GALA/USD. As long as the price remains below the resistance at 0.016776 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.016330 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.015470 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GALA - GALA/USD rating 0.016500 USD. On the day, this instrument lost -0.06% and was traded between 0.016180 USD and 0.016920 USD over the period. The price is currently at +1.98% from its lowest and -2.48% from its highest.0.016180
0.016920
0.016500
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GALA - GALA/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.015470 | 0.016330 | 0.016500 | 0.016776 | 0.017960 | 0.018650 |
| Change (%) | -6.24% | -1.03% | - | +1.67% | +8.85% | +13.03% |
| Change | -0.001030 | -0.000170 | - | +0.000276 | +0.001460 | +0.002150 |
| Level | Major | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014417 | 0.014943 | 0.015727 | 0.016253 | 0.017037 | 0.017563 | 0.018347 |
| Camarilla | 0.016150 | 0.016270 | 0.016390 | 0.016510 | 0.016630 | 0.016750 | 0.016870 |
| Woodie | 0.014545 | 0.015008 | 0.015855 | 0.016318 | 0.017165 | 0.017628 | 0.018475 |
| Fibonacci | 0.014943 | 0.015444 | 0.015753 | 0.016253 | 0.016754 | 0.017063 | 0.017563 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014720 | 0.016360 | 0.017540 | 0.019180 | 0.020360 | 0.022000 | 0.023180 |
| Camarilla | 0.017945 | 0.018203 | 0.018462 | 0.018720 | 0.018979 | 0.019237 | 0.019496 |
| Woodie | 0.014490 | 0.016245 | 0.017310 | 0.019065 | 0.020130 | 0.021885 | 0.022950 |
| Fibonacci | 0.016360 | 0.017437 | 0.018103 | 0.019180 | 0.020257 | 0.020923 | 0.022000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013847 | 0.018843 | 0.022387 | 0.027383 | 0.030927 | 0.035923 | 0.039467 |
| Camarilla | 0.023582 | 0.024364 | 0.025147 | 0.025930 | 0.026713 | 0.027496 | 0.028279 |
| Woodie | 0.013120 | 0.018480 | 0.021660 | 0.027020 | 0.030200 | 0.035560 | 0.038740 |
| Fibonacci | 0.018843 | 0.022106 | 0.024121 | 0.027383 | 0.030646 | 0.032661 | 0.035923 |
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): | 49.14 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.851698 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.018250 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018027 | |
| Elder Ray (13): | 0.000030 | |
| Super Trend (3,10): | 0.018511 | |
| Zig ZAG (10): | 0.018290 | |
| VORTEX (21): | 0.9790 | |
| Stochastique (14,3,5): | 61.20 | |
| TEMA (21): | 0.018249 | |
| Williams %R (14): | -38.10 | |
| Chande Momentum Oscillator (20): | -0.000030 | |
| Repulse (5,40,3): | -0.2104 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0367 | |
| Courbe Coppock: | 0.92 |
| MA7: | 0.018659 | |
| MA20: | 0.021573 | |
| MA50: | 0.024786 | |
| MA100: | 0.031618 | |
| MAexp7: | 0.018267 | |
| MAexp20: | 0.018289 | |
| MAexp50: | 0.018388 | |
| MAexp100: | 0.018573 | |
| Price / MA7: | -11.57% | |
| Price / MA20: | -23.52% | |
| Price / MA50: | -33.43% | |
| Price / MA100: | -47.81% | |
| Price / MAexp7: | -9.67% | |
| Price / MAexp20: | -9.78% | |
| Price / MAexp50: | -10.27% | |
| Price / MAexp100: | -11.16% |
Quotes :
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Real time data
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