GALA - GALA/USD - 1H - Technical analysis published on 05/31/2023 (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:
Bearish
Underlying:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 0.030487 USD
My targets
0.029822 USD (-0.79%)
0.029240 USD (-2.73%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on GALA - GALA/USD as long as the price remains well below 0.030487 USD. The next bearish objective for sellers is set at 0.029822 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.029240 USD. If there is any crossing, the next objective would be the support located at 0.028830 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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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 0.030060 USD. The price registered a decrease of -0.03% on the session and was traded between 0.029960 USD and 0.030280 USD over the period. The price is currently at +0.33% from its lowest and -0.73% from its highest.0.029960
0.030280
0.030060
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GALA - GALA/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by 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 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.028830 | 0.029240 | 0.029822 | 0.030060 | 0.030487 | 0.030875 | 0.031310 |
| Change (%) | -4.09% | -2.73% | -0.79% | - | +1.42% | +2.71% | +4.16% |
| Change | -0.001230 | -0.000820 | -0.000238 | - | +0.000427 | +0.000815 | +0.001250 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 | 0.028787 | 0.029203 | 0.029637 | 0.030053 | 0.030487 | 0.030903 | 0.031337 |
| Camarilla | 0.029836 | 0.029914 | 0.029992 | 0.030070 | 0.030148 | 0.030226 | 0.030304 |
| Woodie | 0.028795 | 0.029208 | 0.029645 | 0.030058 | 0.030495 | 0.030908 | 0.031345 |
| Fibonacci | 0.029203 | 0.029528 | 0.029729 | 0.030053 | 0.030378 | 0.030579 | 0.030903 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026227 | 0.027333 | 0.028797 | 0.029903 | 0.031367 | 0.032473 | 0.033937 |
| Camarilla | 0.029553 | 0.029789 | 0.030024 | 0.030260 | 0.030496 | 0.030731 | 0.030967 |
| Woodie | 0.026405 | 0.027423 | 0.028975 | 0.029993 | 0.031545 | 0.032563 | 0.034115 |
| Fibonacci | 0.027333 | 0.028315 | 0.028922 | 0.029903 | 0.030885 | 0.031492 | 0.032473 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020140 | 0.028400 | 0.033280 | 0.041540 | 0.046420 | 0.054680 | 0.059560 |
| Camarilla | 0.034547 | 0.035751 | 0.036956 | 0.038160 | 0.039365 | 0.040569 | 0.041774 |
| Woodie | 0.018450 | 0.027555 | 0.031590 | 0.040695 | 0.044730 | 0.053835 | 0.057870 |
| Fibonacci | 0.028400 | 0.033420 | 0.036521 | 0.041540 | 0.046560 | 0.049661 | 0.054680 |
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): | 51.23 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.014310 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.030073 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029633 | |
| Elder Ray (13): | 0.000080 | |
| Super Trend (3,10): | 0.030435 | |
| Zig ZAG (10): | 0.030180 | |
| VORTEX (21): | 1.0442 | |
| Stochastique (14,3,5): | 77.75 | |
| TEMA (21): | 0.030147 | |
| Williams %R (14): | -15.15 | |
| Chande Momentum Oscillator (20): | 0.000320 | |
| Repulse (5,40,3): | 0.5925 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0269 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.030320 | |
| MA20: | 0.030496 | |
| MA50: | 0.035192 | |
| MA100: | 0.037995 | |
| MAexp7: | 0.030146 | |
| MAexp20: | 0.030123 | |
| MAexp50: | 0.030231 | |
| MAexp100: | 0.030291 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -1.43% | |
| Price / MA50: | -14.58% | |
| Price / MA100: | -20.88% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.76% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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