GALA - GALA/USD - 1H - Technical analysis published on 01/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.030523 USD
My targets
0.035797 USD (+5.78%)
0.037283 USD (+10.18%)
My analysis
The bullish trend is currently very strong on GALA - GALA/USD. As long as the price remains above the support at 0.030523 USD, you could try to benefit from the boom. The first bullish objective is located at 0.035797 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.037283 USD as an objective. Crossing it would then enable buyers to target 0.039430 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 0.033840 USD. On the day, this instrument gained +45.05% with the lowest point at 0.023100 USD and the highest point at 0.040180 USD. The deviation from the price is +46.49% for the low point and -15.78% for the high point.0.023100
0.040180
0.033840
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GALA - GALA/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.018594 | 0.019320 | 0.027070 | 0.033840 | 0.039430 | 0.051986 | 0.070450 |
| Change (%) | -45.05% | -42.91% | -20.01% | - | +16.52% | +53.62% | +108.19% |
| Change | -0.015246 | -0.014520 | -0.006770 | - | +0.005590 | +0.018146 | +0.036610 |
| Level | Major | Minor | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020453 | 0.021797 | 0.022563 | 0.023907 | 0.024673 | 0.026017 | 0.026783 |
| Camarilla | 0.022750 | 0.022943 | 0.023137 | 0.023330 | 0.023523 | 0.023717 | 0.023910 |
| Woodie | 0.020165 | 0.021653 | 0.022275 | 0.023763 | 0.024385 | 0.025873 | 0.026495 |
| Fibonacci | 0.021797 | 0.022603 | 0.023101 | 0.023907 | 0.024713 | 0.025211 | 0.026017 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009187 | 0.012783 | 0.018057 | 0.021653 | 0.026927 | 0.030523 | 0.035797 |
| Camarilla | 0.020891 | 0.021704 | 0.022517 | 0.023330 | 0.024143 | 0.024956 | 0.025769 |
| Woodie | 0.010025 | 0.013203 | 0.018895 | 0.022073 | 0.027765 | 0.030943 | 0.036635 |
| Fibonacci | 0.012783 | 0.016172 | 0.018265 | 0.021653 | 0.025042 | 0.027135 | 0.030523 |
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 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): | 84.83 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 68.865501 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.030288 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.027471 | |
| Elder Ray (13): | 0.005587 | |
| Super Trend (3,10): | 0.029954 | |
| Zig ZAG (10): | 0.033890 | |
| VORTEX (21): | 1.4059 | |
| Stochastique (14,3,5): | 75.27 | |
| TEMA (21): | 0.031899 | |
| Williams %R (14): | -37.78 | |
| Chande Momentum Oscillator (20): | 0.010180 | |
| Repulse (5,40,3): | 4.9149 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7653 | |
| Courbe Coppock: | 60.67 |
| MA7: | 0.021700 | |
| MA20: | 0.019280 | |
| MA50: | 0.022492 | |
| MA100: | 0.029028 | |
| MAexp7: | 0.031030 | |
| MAexp20: | 0.027604 | |
| MAexp50: | 0.024883 | |
| MAexp100: | 0.022660 | |
| Price / MA7: | +55.94% | |
| Price / MA20: | +75.52% | |
| Price / MA50: | +50.45% | |
| Price / MA100: | +16.58% | |
| Price / MAexp7: | +9.06% | |
| Price / MAexp20: | +22.59% | |
| Price / MAexp50: | +36.00% | |
| Price / MAexp100: | +49.34% |
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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