GALA - GALA/USD - Daily - Technical analysis published on 08/18/2023 (GMT)
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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
17%
72%
11%
My opinion
Bearish under 0.020837 USD
My targets
0.018213 USD (-2.55%)
0.014677 USD (-21.47%)
My analysis
GALA - GALA/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.020837 USD. The next support located at 0.018213 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.014677 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 price is 0.018690 USD. The price is lower by -9.58% since the last closing with the lowest point at 0.017800 USD and the highest point at 0.020890 USD. The deviation from the price is +5.00% for the low point and -10.53% for the high point.0.017800
0.020890
0.018690
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.018690 | 0.022326 | 0.028205 | 0.042118 |
| Change (%) | - | +19.45% | +50.91% | +125.35% |
| Change | - | +0.003636 | +0.009515 | +0.023428 |
| Level | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017720 | 0.018890 | 0.019780 | 0.020950 | 0.021840 | 0.023010 | 0.023900 |
| Camarilla | 0.020104 | 0.020292 | 0.020481 | 0.020670 | 0.020859 | 0.021048 | 0.021237 |
| Woodie | 0.017580 | 0.018820 | 0.019640 | 0.020880 | 0.021700 | 0.022940 | 0.023760 |
| Fibonacci | 0.018890 | 0.019677 | 0.020163 | 0.020950 | 0.021737 | 0.022223 | 0.023010 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018213 | 0.020367 | 0.021723 | 0.023877 | 0.025233 | 0.027387 | 0.028743 |
| Camarilla | 0.022115 | 0.022437 | 0.022758 | 0.023080 | 0.023402 | 0.023724 | 0.024045 |
| Woodie | 0.017815 | 0.020168 | 0.021325 | 0.023678 | 0.024835 | 0.027188 | 0.028345 |
| Fibonacci | 0.020367 | 0.021708 | 0.022536 | 0.023877 | 0.025218 | 0.026046 | 0.027387 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014677 | 0.018693 | 0.020837 | 0.024853 | 0.026997 | 0.031013 | 0.033157 |
| Camarilla | 0.021286 | 0.021851 | 0.022415 | 0.022980 | 0.023545 | 0.024109 | 0.024674 |
| Woodie | 0.013740 | 0.018225 | 0.019900 | 0.024385 | 0.026060 | 0.030545 | 0.032220 |
| Fibonacci | 0.018693 | 0.021047 | 0.022500 | 0.024853 | 0.027207 | 0.028660 | 0.031013 |
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): | 26.62 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -21.278818 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.021507 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.025685 | |
| Elder Ray (13): | -0.002760 | |
| Super Trend (3,10): | 0.023613 | |
| Zig ZAG (10): | 0.018690 | |
| VORTEX (21): | 0.7898 | |
| Stochastique (14,3,5): | 13.76 | |
| TEMA (21): | 0.021004 | |
| Williams %R (14): | -89.19 | |
| Chande Momentum Oscillator (20): | -0.005690 | |
| Repulse (5,40,3): | -18.1522 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3695 | |
| Courbe Coppock: | 13.77 |
| MA7: | 0.021856 | |
| MA20: | 0.022749 | |
| MA50: | 0.024121 | |
| MA100: | 0.025774 | |
| MAexp7: | 0.021327 | |
| MAexp20: | 0.022631 | |
| MAexp50: | 0.024052 | |
| MAexp100: | 0.026424 | |
| Price / MA7: | -14.49% | |
| Price / MA20: | -17.84% | |
| Price / MA50: | -22.52% | |
| Price / MA100: | -27.49% | |
| Price / MAexp7: | -12.36% | |
| Price / MAexp20: | -17.41% | |
| Price / MAexp50: | -22.29% | |
| Price / MAexp100: | -29.27% |
Quotes :
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Real time data
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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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