GALA - GALA/USD - 1H - Technical analysis published on 07/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 0.024334 USD
My targets
0.024991 USD (+1.47%)
0.025411 USD (+3.17%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GALA - GALA/USD. As long as you are above the support located at 0.024334 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.024991 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.025411 USD as an objective. Crossing it would then enable buyers to target 0.025688 USD. If the support 0.024334 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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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 0.024630 USD. The price is lower by -0.16% since the last closing and was between 0.024490 USD and 0.024910 USD. This implies that the price is at +0.57% from its lowest and at -1.12% from its highest.0.024490
0.024910
0.024630
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GALA - GALA/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.023804 | 0.024334 | 0.024592 | 0.024630 | 0.024991 | 0.025411 | 0.025688 |
| Change (%) | -3.35% | -1.20% | -0.15% | - | +1.47% | +3.17% | +4.30% |
| Change | -0.000826 | -0.000296 | -0.000038 | - | +0.000361 | +0.000781 | +0.001058 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023033 | 0.023657 | 0.024163 | 0.024787 | 0.025293 | 0.025917 | 0.026423 |
| Camarilla | 0.024359 | 0.024463 | 0.024566 | 0.024670 | 0.024774 | 0.024877 | 0.024981 |
| Woodie | 0.022975 | 0.023628 | 0.024105 | 0.024758 | 0.025235 | 0.025888 | 0.026365 |
| Fibonacci | 0.023657 | 0.024088 | 0.024355 | 0.024787 | 0.025218 | 0.025485 | 0.025917 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019507 | 0.021303 | 0.022707 | 0.024503 | 0.025907 | 0.027703 | 0.029107 |
| Camarilla | 0.023230 | 0.023523 | 0.023817 | 0.024110 | 0.024403 | 0.024697 | 0.024990 |
| Woodie | 0.019310 | 0.021205 | 0.022510 | 0.024405 | 0.025710 | 0.027605 | 0.028910 |
| Fibonacci | 0.021303 | 0.022526 | 0.023281 | 0.024503 | 0.025726 | 0.026481 | 0.027703 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005793 | 0.012057 | 0.018373 | 0.024637 | 0.030953 | 0.037217 | 0.043533 |
| Camarilla | 0.021231 | 0.022384 | 0.023537 | 0.024690 | 0.025843 | 0.026996 | 0.028150 |
| Woodie | 0.005820 | 0.012070 | 0.018400 | 0.024650 | 0.030980 | 0.037230 | 0.043560 |
| Fibonacci | 0.012057 | 0.016862 | 0.019831 | 0.024637 | 0.029442 | 0.032411 | 0.037217 |
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): | 55.12 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.004836 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.024760 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.024455 | |
| Elder Ray (13): | -0.000005 | |
| Super Trend (3,10): | 0.025118 | |
| Zig ZAG (10): | 0.024750 | |
| VORTEX (21): | 1.0123 | |
| Stochastique (14,3,5): | 39.44 | |
| TEMA (21): | 0.024699 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | -0.000130 | |
| Repulse (5,40,3): | 0.0277 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0253 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.024194 | |
| MA20: | 0.024924 | |
| MA50: | 0.025758 | |
| MA100: | 0.031305 | |
| MAexp7: | 0.024662 | |
| MAexp20: | 0.024714 | |
| MAexp50: | 0.024594 | |
| MAexp100: | 0.024476 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -4.38% | |
| Price / MA100: | -21.32% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.63% |
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.
About author
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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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