GALA - GALA/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GALAUSD
ISIN:

GALA - GALA/USD - Daily - Technical analysis published on 03/13/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 0.042190 USD

My targets

0.032896 USD (-13.43%)

0.025201 USD (-33.68%)

My analysis

In the short term, we can see an acceleration in the bearish trend on GALA - GALA/USD, which is a positive signal for sellers. As long as the price remains above 0.042190 USD, a sale could be considered. The first bearish objective is located at 0.032896 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.025201 USD as an objective. Crossing it would then enable sellers to target 0.016180 USD. If the price were to return above 0.042190 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GALA - GALA/USD price is 0.038000 USD. On the day, this instrument gained +7.83% and was traded between 0.035260 USD and 0.038000 USD over the period. The price is currently at +7.77% from its lowest and 0% from its highest.

0.035260

0.038000

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of GALA - GALA/USD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.016180	0.025201	0.032896	0.038000	0.042190	0.052147	0.059150
Change (%)	-57.42%	-33.68%	-13.43%	-	+11.03%	+37.23%	+55.66%
Change	-0.021820	-0.012799	-0.005104	-	+0.004190	+0.014147	+0.021150
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027623	0.029147	0.032193	0.033717	0.036763	0.038287	0.041333
Camarilla	0.033983	0.034402	0.034821	0.035240	0.035659	0.036078	0.036497
Woodie	0.028385	0.029528	0.032955	0.034098	0.037525	0.038668	0.042095
Fibonacci	0.029147	0.030892	0.031971	0.033717	0.035462	0.036541	0.038287

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.018077	0.024143	0.027827	0.033893	0.037577	0.043643	0.047327
Camarilla	0.028829	0.029723	0.030616	0.031510	0.032404	0.033298	0.034191
Woodie	0.016885	0.023548	0.026635	0.033298	0.036385	0.043048	0.046135
Fibonacci	0.024143	0.027868	0.030169	0.033893	0.037618	0.039919	0.043643

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):	42.87
MACD (12,26,9):	-0.0034
Directional Movement:	-6.280062
AROON (14):	-78.571429
DEMA (21):	0.034408
Parabolic SAR (0,02-0,02-0,2):	0.030210
Elder Ray (13):	-0.000712
Super Trend (3,10):	0.043602
Zig ZAG (10):	0.036710
VORTEX (21):	0.9224
Stochastique (14,3,5):	24.33
TEMA (21):	0.031679
Williams %R (14):	-60.98
Chande Momentum Oscillator (20):	-0.005100
Repulse (5,40,3):	9.4135
ROCnROLL:	-1
TRIX (15,9):	-1.0567
Courbe Coppock:	48.44

MA7:	0.034200
MA20:	0.039784
MA50:	0.046125
MA100:	0.035848
MAexp7:	0.035118
MAexp20:	0.038623
MAexp50:	0.040905
MAexp100:	0.039639
Price / MA7:	+11.11%
Price / MA20:	-4.48%
Price / MA50:	-17.62%
Price / MA100:	+6.00%
Price / MAexp7:	+8.21%
Price / MAexp20:	-1.61%
Price / MAexp50:	-7.10%
Price / MAexp100:	-4.13%

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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