GALA - GALA/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	GALAUSD
ISIN:

GALA - GALA/USD - Daily - Technical analysis published on 06/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 0.031370 USD

My targets

0.024733 USD (-6.35%)

0.019130 USD (-27.57%)

My analysis

All elements being clearly 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 0.031370 USD. The sellers' bearish objective is set at 0.024733 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.019130 USD. In case of crossing, the next objective would be the support located at 0.016180 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.5

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

GALA - GALA/USD rating 0.026410 USD. The price is lower by -0.08% since the last closing and was between 0.026190 USD and 0.027190 USD. This implies that the price is at +0.84% from its lowest and at -2.87% from its highest.

0.026190

0.027190

0.026410

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GALA - GALA/USD:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GALA - GALA/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.016180	0.024733	0.026410	0.031415	0.042118	0.047030
Change (%)	-38.74%	-6.35%	-	+18.95%	+59.48%	+78.08%
Change	-0.010230	-0.001677	-	+0.005005	+0.015708	+0.020620
Level	Minor	Intermediate	-	Intermediate	Minor	Minor

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	0.021343	0.023637	0.025033	0.027327	0.028723	0.031017	0.032413
Camarilla	0.025415	0.025754	0.026092	0.026430	0.026768	0.027107	0.027445
Woodie	0.020895	0.023413	0.024585	0.027103	0.028275	0.030793	0.031965
Fibonacci	0.023637	0.025046	0.025917	0.027327	0.028736	0.029607	0.031017

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.025813	0.027317	0.028713	0.030217	0.031613	0.033117	0.034513
Camarilla	0.029313	0.029578	0.029844	0.030110	0.030376	0.030642	0.030908
Woodie	0.025760	0.027290	0.028660	0.030190	0.031560	0.033090	0.034460
Fibonacci	0.027317	0.028425	0.029109	0.030217	0.031325	0.032009	0.033117

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012060	0.019130	0.024300	0.031370	0.036540	0.043610	0.048780
Camarilla	0.026104	0.027226	0.028348	0.029470	0.030592	0.031714	0.032836
Woodie	0.011110	0.018655	0.023350	0.030895	0.035590	0.043135	0.047830
Fibonacci	0.019130	0.023806	0.026694	0.031370	0.036046	0.038934	0.043610

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):	30.92
MACD (12,26,9):	-0.0014
Directional Movement:	-17.103079
AROON (14):	-57.142857
DEMA (21):	0.027994
Parabolic SAR (0,02-0,02-0,2):	0.034041
Elder Ray (13):	-0.002469
Super Trend (3,10):	0.031531
Zig ZAG (10):	0.026400
VORTEX (21):	0.9186
Stochastique (14,3,5):	17.52
TEMA (21):	0.028178
Williams %R (14):	-92.06
Chande Momentum Oscillator (20):	-0.003670
Repulse (5,40,3):	-12.6638
ROCnROLL:	2
TRIX (15,9):	-0.5530
Courbe Coppock:	11.54

MA7:	0.028859
MA20:	0.029870
MA50:	0.033407
MA100:	0.036850
MAexp7:	0.028410
MAexp20:	0.029838
MAexp50:	0.032712
MAexp100:	0.035351
Price / MA7:	-8.49%
Price / MA20:	-11.58%
Price / MA50:	-20.94%
Price / MA100:	-28.33%
Price / MAexp7:	-7.04%
Price / MAexp20:	-11.49%
Price / MAexp50:	-19.27%
Price / MAexp100:	-25.29%

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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Londinia AI

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