GALA - GALA/USD
GALA - GALA/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: GALAUSD
ISIN:

GALA - GALA/USD - 15 min. - Technical analysis published on 01/29/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.057603 USD
My targets
0.062377 USD (+4.78%)
0.067693 USD (+13.71%)
My analysis
GALA - GALA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.057603 USD. The next resistance located at 0.062377 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.067693 USD. After this resistance, buyers could then target 0.072467 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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 Henry07. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GALA - GALA/USD rating 0.059530 USD. The price has increased by +4.33% since the last closing with the lowest point at 0.054970 USD and the highest point at 0.060230 USD. The deviation from the price is +8.30% for the low point and -1.16% for the high point.

0.054970
0.060230
0.059530

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GALA - GALA/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 0.051681 0.056460 0.058340 0.059530 0.064640 0.070450
Change (%) -13.18% -5.16% -2.00% - +8.58% +18.34%
Change -0.007849 -0.003070 -0.001190 - +0.005110 +0.010920
Level Intermediate Intermediate Minor - 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
Standard0.0421970.0475130.0522870.0576030.0623770.0676930.072467
Camarilla0.0542850.0552100.0561350.0570600.0579850.0589100.059835
Woodie0.0419250.0473780.0520150.0574680.0621050.0675580.072195
Fibonacci0.0475130.0513680.0537490.0576030.0614580.0638390.067693


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0312470.0387530.0479070.0554130.0645670.0720730.081227
Camarilla0.0524790.0540060.0555330.0570600.0585870.0601140.061642
Woodie0.0320700.0391650.0487300.0558250.0653900.0724850.082050
Fibonacci0.0387530.0451180.0490490.0554130.0617780.0657090.072073


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0024100.0089400.0127900.0193200.0231700.0297000.033550
Camarilla0.0137860.0147370.0156890.0166400.0175920.0185430.019495
Woodie0.0010700.0082700.0114500.0186500.0218300.0290300.032210
Fibonacci0.0089400.0129050.0153550.0193200.0232850.0257350.029700

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): 57.36
MACD (12,26,9): 0.0003
Directional Movement: 13.554938
AROON (14): 50.000000
DEMA (21): 0.059115
Parabolic SAR (0,02-0,02-0,2): 0.057961
Elder Ray (13): 0.000307
Super Trend (3,10): 0.057382
Zig ZAG (10): 0.059130
VORTEX (21): 1.0890
Stochastique (14,3,5): 59.39
TEMA (21): 0.059283
Williams %R (14): -33.45
Chande Momentum Oscillator (20): 0.001430
Repulse (5,40,3): 0.5463
ROCnROLL: 1
TRIX (15,9): 0.0721
Courbe Coppock: 3.35
MA7: 0.052610
MA20: 0.048446
MA50: 0.031964
MA100: 0.031064
MAexp7: 0.059073
MAexp20: 0.058673
MAexp50: 0.058197
MAexp100: 0.057566
Price / MA7: +13.15%
Price / MA20: +22.88%
Price / MA50: +86.24%
Price / MA100: +91.64%
Price / MAexp7: +0.77%
Price / MAexp20: +1.46%
Price / MAexp50: +2.29%
Price / MAexp100: +3.41%

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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