GALA - GALA/USD - 1H - Technical analysis published on 04/07/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.060276 USD
My targets
0.063869 USD (+2.08%)
0.069188 USD (+10.58%)
My analysis
GALA - GALA/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.060276 USD. The next resistance located at 0.063869 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.069188 USD. After this resistance, buyers could then target 0.082396 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 0.062570 USD. The price has increased by +9.45% since the last closing with the lowest point at 0.056867 USD and the highest point at 0.063650 USD. The deviation from the price is +10.03% for the low point and -1.70% for the high point.0.056867
0.063650
0.062570
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GALA - GALA/USD:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this GALA - GALA/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 0.053324 | 0.056444 | 0.059150 | 0.062570 | 0.063869 | 0.069188 | 0.082396 |
| Change (%) | -14.78% | -9.79% | -5.47% | - | +2.08% | +10.58% | +31.69% |
| Change | -0.009246 | -0.006126 | -0.003420 | - | +0.001299 | +0.006618 | +0.019826 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 0.053819 | 0.054761 | 0.055964 | 0.056906 | 0.058109 | 0.059051 | 0.060254 |
| Camarilla | 0.056576 | 0.056773 | 0.056969 | 0.057166 | 0.057363 | 0.057559 | 0.057756 |
| Woodie | 0.053949 | 0.054826 | 0.056094 | 0.056971 | 0.058239 | 0.059116 | 0.060384 |
| Fibonacci | 0.054761 | 0.055581 | 0.056087 | 0.056906 | 0.057726 | 0.058232 | 0.059051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034866 | 0.044373 | 0.050769 | 0.060276 | 0.066672 | 0.076179 | 0.082575 |
| Camarilla | 0.052793 | 0.054251 | 0.055708 | 0.057166 | 0.058624 | 0.060082 | 0.061539 |
| Woodie | 0.033312 | 0.043595 | 0.049215 | 0.059498 | 0.065118 | 0.075401 | 0.081021 |
| Fibonacci | 0.044373 | 0.050448 | 0.054201 | 0.060276 | 0.066351 | 0.070104 | 0.076179 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.013606 | 0.009969 | 0.039578 | 0.063153 | 0.092762 | 0.116337 | 0.145946 |
| Camarilla | 0.054562 | 0.059438 | 0.064313 | 0.069188 | 0.074063 | 0.078938 | 0.083814 |
| Woodie | -0.010588 | 0.011478 | 0.042596 | 0.064662 | 0.095780 | 0.117846 | 0.148964 |
| Fibonacci | 0.009969 | 0.030285 | 0.042836 | 0.063153 | 0.083469 | 0.096020 | 0.116337 |
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): | 80.52 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 41.667620 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.061010 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.060132 | |
| Elder Ray (13): | 0.002166 | |
| Super Trend (3,10): | 0.059690 | |
| Zig ZAG (10): | 0.062374 | |
| VORTEX (21): | 1.3195 | |
| Stochastique (14,3,5): | 84.06 | |
| TEMA (21): | 0.061869 | |
| Williams %R (14): | -22.75 | |
| Chande Momentum Oscillator (20): | 0.004558 | |
| Repulse (5,40,3): | 1.2602 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2078 | |
| Courbe Coppock: | 12.86 |
| MA7: | 0.058450 | |
| MA20: | 0.061632 | |
| MA50: | 0.052708 | |
| MA100: | 0.038774 | |
| MAexp7: | 0.061271 | |
| MAexp20: | 0.059194 | |
| MAexp50: | 0.058194 | |
| MAexp100: | 0.058165 | |
| Price / MA7: | +7.05% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | +18.71% | |
| Price / MA100: | +61.37% | |
| Price / MAexp7: | +2.12% | |
| Price / MAexp20: | +5.70% | |
| Price / MAexp50: | +7.52% | |
| Price / MAexp100: | +7.57% |
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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