GALA - GALA/USD - 1H - Technical analysis published on 03/06/2023 (GMT)
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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 bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.036600 USD
My targets
0.040110 USD (+6.11%)
0.040634 USD (+7.50%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GALA - GALA/USD. This is a positive signal for buyers. As long as the price remains above 0.036600 USD, a purchase could be considered. The first bullish objective is located at 0.040110 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.040634 USD as an objective. Crossing it would then enable buyers to target 0.042190 USD. In the event of a return below 0.036600 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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Additional analysis
Quotes
The GALA - GALA/USD rating is 0.037800 USD. On the day, this instrument gained +4.28% and was traded between 0.035830 USD and 0.037940 USD over the period. The price is currently at +5.50% from its lowest and -0.37% from its highest.0.035830
0.037940
0.037800
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.032896 | 0.035340 | 0.036600 | 0.037800 | 0.037882 | 0.040634 | 0.042190 |
| Change (%) | -12.97% | -6.51% | -3.17% | - | +0.22% | +7.50% | +11.61% |
| Change | -0.004904 | -0.002460 | -0.001200 | - | +0.000082 | +0.002834 | +0.004390 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Intermediate |
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 | 0.032213 | 0.033577 | 0.034913 | 0.036277 | 0.037613 | 0.038977 | 0.040313 |
| Camarilla | 0.035508 | 0.035755 | 0.036003 | 0.036250 | 0.036498 | 0.036745 | 0.036993 |
| Woodie | 0.032200 | 0.033570 | 0.034900 | 0.036270 | 0.037600 | 0.038970 | 0.040300 |
| Fibonacci | 0.033577 | 0.034608 | 0.035245 | 0.036277 | 0.037308 | 0.037945 | 0.038977 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023950 | 0.029020 | 0.032030 | 0.037100 | 0.040110 | 0.045180 | 0.048190 |
| Camarilla | 0.032818 | 0.033559 | 0.034299 | 0.035040 | 0.035781 | 0.036521 | 0.037262 |
| Woodie | 0.022920 | 0.028505 | 0.031000 | 0.036585 | 0.039080 | 0.044665 | 0.047160 |
| Fibonacci | 0.029020 | 0.032107 | 0.034013 | 0.037100 | 0.040187 | 0.042093 | 0.045180 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018893 | 0.029677 | 0.037083 | 0.047867 | 0.055273 | 0.066057 | 0.073463 |
| Camarilla | 0.039488 | 0.041155 | 0.042823 | 0.044490 | 0.046157 | 0.047825 | 0.049492 |
| Woodie | 0.017205 | 0.028833 | 0.035395 | 0.047023 | 0.053585 | 0.065213 | 0.071775 |
| Fibonacci | 0.029677 | 0.036625 | 0.040918 | 0.047867 | 0.054815 | 0.059108 | 0.066057 |
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): | 65.44 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 28.009255 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.036890 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.035943 | |
| Elder Ray (13): | 0.000891 | |
| Super Trend (3,10): | 0.036107 | |
| Zig ZAG (10): | 0.037580 | |
| VORTEX (21): | 1.1396 | |
| Stochastique (14,3,5): | 81.31 | |
| TEMA (21): | 0.037140 | |
| Williams %R (14): | -18.96 | |
| Chande Momentum Oscillator (20): | 0.001130 | |
| Repulse (5,40,3): | 2.1827 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0452 | |
| Courbe Coppock: | 2.53 |
| MA7: | 0.038926 | |
| MA20: | 0.043469 | |
| MA50: | 0.047651 | |
| MA100: | 0.035216 | |
| MAexp7: | 0.037037 | |
| MAexp20: | 0.036626 | |
| MAexp50: | 0.036603 | |
| MAexp100: | 0.037456 | |
| Price / MA7: | -2.89% | |
| Price / MA20: | -13.04% | |
| Price / MA50: | -20.67% | |
| Price / MA100: | +7.34% | |
| Price / MAexp7: | +2.06% | |
| Price / MAexp20: | +3.21% | |
| Price / MAexp50: | +3.27% | |
| Price / MAexp100: | +0.92% |
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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