GALA - GALA/USD - 1H - Technical analysis published on 04/18/2023 (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:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.046440 USD
My targets
0.050650 USD (+5.70%)
0.050977 USD (+6.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GALA - GALA/USD as long as the price remains well above 0.046440 USD. The buyers' bullish objective is set at 0.050650 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.050977 USD. If there is any crossing, the next objective would be the resistance located at 0.059150 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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Additional analysis
Quotes
The GALA - GALA/USD rating is 0.047920 USD. On the day, this instrument gained +9.48% and was between 0.043740 USD and 0.048750 USD. This implies that the price is at +9.56% from its lowest and at -1.70% from its highest.0.043740
0.048750
0.047920
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
Here is a more detailed summary of the historical variations registered by GALA - GALA/USD:
Near a 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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.043926 | 0.044589 | 0.046440 | 0.047920 | 0.050650 | 0.059150 |
| Change (%) | -8.33% | -6.95% | -3.09% | - | +5.70% | +23.43% |
| Change | -0.003994 | -0.003331 | -0.001480 | - | +0.002730 | +0.011230 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 0.040257 | 0.041223 | 0.042497 | 0.043463 | 0.044737 | 0.045703 | 0.046977 |
| Camarilla | 0.043154 | 0.043359 | 0.043565 | 0.043770 | 0.043975 | 0.044181 | 0.044386 |
| Woodie | 0.040410 | 0.041300 | 0.042650 | 0.043540 | 0.044890 | 0.045780 | 0.047130 |
| Fibonacci | 0.041223 | 0.042079 | 0.042608 | 0.043463 | 0.044319 | 0.044848 | 0.045703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034117 | 0.036593 | 0.039737 | 0.042213 | 0.045357 | 0.047833 | 0.050977 |
| Camarilla | 0.041335 | 0.041850 | 0.042365 | 0.042880 | 0.043395 | 0.043910 | 0.044426 |
| Woodie | 0.034450 | 0.036760 | 0.040070 | 0.042380 | 0.045690 | 0.048000 | 0.051310 |
| Fibonacci | 0.036593 | 0.038740 | 0.040067 | 0.042213 | 0.044360 | 0.045687 | 0.047833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009963 | 0.020087 | 0.030763 | 0.040887 | 0.051563 | 0.061687 | 0.072363 |
| Camarilla | 0.035720 | 0.037627 | 0.039533 | 0.041440 | 0.043347 | 0.045253 | 0.047160 |
| Woodie | 0.010240 | 0.020225 | 0.031040 | 0.041025 | 0.051840 | 0.061825 | 0.072640 |
| Fibonacci | 0.020087 | 0.028032 | 0.032941 | 0.040887 | 0.048832 | 0.053741 | 0.061687 |
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): | 76.35 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 27.194471 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.045930 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.044841 | |
| Elder Ray (13): | 0.001743 | |
| Super Trend (3,10): | 0.044695 | |
| Zig ZAG (10): | 0.047670 | |
| VORTEX (21): | 1.2724 | |
| Stochastique (14,3,5): | 95.81 | |
| TEMA (21): | 0.046744 | |
| Williams %R (14): | -2.11 | |
| Chande Momentum Oscillator (20): | 0.005140 | |
| Repulse (5,40,3): | 6.1930 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1894 | |
| Courbe Coppock: | 15.93 |
| MA7: | 0.044126 | |
| MA20: | 0.041853 | |
| MA50: | 0.040302 | |
| MA100: | 0.043003 | |
| MAexp7: | 0.046214 | |
| MAexp20: | 0.044783 | |
| MAexp50: | 0.043943 | |
| MAexp100: | 0.043398 | |
| Price / MA7: | +8.60% | |
| Price / MA20: | +14.50% | |
| Price / MA50: | +18.90% | |
| Price / MA100: | +11.43% | |
| Price / MAexp7: | +3.69% | |
| Price / MAexp20: | +7.00% | |
| Price / MAexp50: | +9.05% | |
| Price / MAexp100: | +10.42% |
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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