GALA - GALA/USD - 1H - Technical analysis published on 01/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.017969 USD
My targets
0.017210 USD (-1.99%)
0.016762 USD (-4.54%)
My analysis
The strong short-term decrease of GALA - GALA/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.017969 USD, a sale could be considered. The first bearish objective is located at 0.017210 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.016762 USD. If there is any crossing, the next objective would be support 0.016180 USD. Caution, if there is a return to above 0.017969 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9
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.
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Additional analysis
Quotes
The GALA - GALA/USD rating is 0.017560 USD. On the day, this instrument lost -0.11% with the lowest point at 0.017520 USD and the highest point at 0.018600 USD. The deviation from the price is +0.23% for the low point and -5.59% for the high point.0.017520
0.018600
0.017560
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GALA - GALA/USD in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016180 | 0.016762 | 0.017210 | 0.017560 | 0.017969 | 0.018390 | 0.027070 |
| Change (%) | -7.86% | -4.54% | -1.99% | - | +2.33% | +4.73% | +54.16% |
| Change | -0.001380 | -0.000798 | -0.000350 | - | +0.000409 | +0.000830 | +0.009510 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 0.016643 | 0.016927 | 0.017253 | 0.017537 | 0.017863 | 0.018147 | 0.018473 |
| Camarilla | 0.017412 | 0.017468 | 0.017524 | 0.017580 | 0.017636 | 0.017692 | 0.017748 |
| Woodie | 0.016665 | 0.016938 | 0.017275 | 0.017548 | 0.017885 | 0.018158 | 0.018495 |
| Fibonacci | 0.016927 | 0.017160 | 0.017304 | 0.017537 | 0.017770 | 0.017914 | 0.018147 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011810 | 0.013640 | 0.015140 | 0.016970 | 0.018470 | 0.020300 | 0.021800 |
| Camarilla | 0.015724 | 0.016030 | 0.016335 | 0.016640 | 0.016945 | 0.017251 | 0.017556 |
| Woodie | 0.011645 | 0.013558 | 0.014975 | 0.016888 | 0.018305 | 0.020218 | 0.021635 |
| Fibonacci | 0.013640 | 0.014912 | 0.015698 | 0.016970 | 0.018242 | 0.019028 | 0.020300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000577 | 0.007447 | 0.012043 | 0.020067 | 0.024663 | 0.032687 | 0.037283 |
| Camarilla | 0.013170 | 0.014326 | 0.015483 | 0.016640 | 0.017797 | 0.018954 | 0.020111 |
| Woodie | -0.002290 | 0.006590 | 0.010330 | 0.019210 | 0.022950 | 0.031830 | 0.035570 |
| Fibonacci | 0.007447 | 0.012268 | 0.015246 | 0.020067 | 0.024888 | 0.027866 | 0.032687 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.65 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.240277 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.017942 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018219 | |
| Elder Ray (13): | -0.000298 | |
| Super Trend (3,10): | 0.018226 | |
| Zig ZAG (10): | 0.017640 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 14.66 | |
| TEMA (21): | 0.017871 | |
| Williams %R (14): | -80.52 | |
| Chande Momentum Oscillator (20): | -0.000260 | |
| Repulse (5,40,3): | -1.2808 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0712 | |
| Courbe Coppock: | 2.14 |
| MA7: | 0.017020 | |
| MA20: | 0.018259 | |
| MA50: | 0.022704 | |
| MA100: | 0.029648 | |
| MAexp7: | 0.017833 | |
| MAexp20: | 0.017882 | |
| MAexp50: | 0.017722 | |
| MAexp100: | 0.017474 | |
| Price / MA7: | +3.17% | |
| Price / MA20: | -3.83% | |
| Price / MA50: | -22.66% | |
| Price / MA100: | -40.77% | |
| Price / MAexp7: | -1.53% | |
| Price / MAexp20: | -1.80% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | +0.49% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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