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 06/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 0.024300 USD

My targets

0.021210 USD (-4.03%)

0.016180 USD (-26.79%)

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 0.024300 USD. The sellers' bearish objective is set at 0.021210 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.1

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

GALA - GALA/USD rating 0.022100 USD. The price is lower by -0.09% since the last closing and was traded between 0.021300 USD and 0.022490 USD over the period. The price is currently at +3.76% from its lowest and -1.73% from its highest.

0.021300

0.022490

0.022100

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of GALA - GALA/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.016180	0.021210	0.022100	0.031415	0.042118	0.047030
Change (%)	-26.79%	-4.03%	-	+42.15%	+90.58%	+112.81%
Change	-0.005920	-0.000890	-	+0.009315	+0.020018	+0.024930
Level	Major	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	0.019940	0.020560	0.021340	0.021960	0.022740	0.023360	0.024140
Camarilla	0.021735	0.021863	0.021992	0.022120	0.022248	0.022377	0.022505
Woodie	0.020020	0.020600	0.021420	0.022000	0.022820	0.023400	0.024220
Fibonacci	0.020560	0.021095	0.021425	0.021960	0.022495	0.022825	0.023360

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004287	0.011303	0.016257	0.023273	0.028227	0.035243	0.040197
Camarilla	0.017918	0.019016	0.020113	0.021210	0.022307	0.023405	0.024502
Woodie	0.003255	0.010788	0.015225	0.022758	0.027195	0.034728	0.039165
Fibonacci	0.011303	0.015876	0.018701	0.023273	0.027846	0.030671	0.035243

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.19
MACD (12,26,9):	-0.0026
Directional Movement:	-26.655352
AROON (14):	-50.000000
DEMA (21):	0.021994
Parabolic SAR (0,02-0,02-0,2):	0.025687
Elder Ray (13):	-0.002036
Super Trend (3,10):	0.027168
Zig ZAG (10):	0.022090
VORTEX (21):	0.7458
Stochastique (14,3,5):	27.66
TEMA (21):	0.021181
Williams %R (14):	-70.75
Chande Momentum Oscillator (20):	-0.007630
Repulse (5,40,3):	-0.7311
ROCnROLL:	2
TRIX (15,9):	-1.0799
Courbe Coppock:	50.21

MA7:	0.021731
MA20:	0.026229
MA50:	0.029826
MA100:	0.035254
MAexp7:	0.022531
MAexp20:	0.025314
MAexp50:	0.029482
MAexp100:	0.033123
Price / MA7:	+1.70%
Price / MA20:	-15.74%
Price / MA50:	-25.90%
Price / MA100:	-37.31%
Price / MAexp7:	-1.91%
Price / MAexp20:	-12.70%
Price / MAexp50:	-25.04%
Price / MAexp100:	-33.28%

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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