GALA - GALA/USD - 1H - Technical analysis published on 06/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 0.040052 USD
My targets
0.036659 USD (-3.29%)
0.033547 USD (-11.50%)
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 0.040052 USD. The next support located at 0.036659 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 0.033547 USD. Below this support, sellers could then target 0.028339 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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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 0.037908 USD. On the day, this instrument lost -0.03% with the lowest point at 0.037547 USD and the highest point at 0.038302 USD. The deviation from the price is +0.96% for the low point and -1.03% for the high point.0.037547
0.038302
0.037908
Here is a more detailed summary of the historical variations registered by GALA - GALA/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GALA - GALA/USD indicates that the overall trend is strongly bearish. 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 does not detect any result on moving averages that would impact this trend.
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 detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.019187 | 0.028339 | 0.036659 | 0.037908 | 0.040052 | 0.043690 | 0.046079 |
| Change (%) | -49.39% | -25.24% | -3.29% | - | +5.66% | +15.25% | +21.55% |
| Change | -0.018721 | -0.009569 | -0.001249 | - | +0.002144 | +0.005782 | +0.008171 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034057 | 0.035733 | 0.036827 | 0.038503 | 0.039597 | 0.041273 | 0.042367 |
| Camarilla | 0.037158 | 0.037412 | 0.037666 | 0.037920 | 0.038174 | 0.038428 | 0.038682 |
| Woodie | 0.033765 | 0.035588 | 0.036535 | 0.038358 | 0.039305 | 0.041128 | 0.042075 |
| Fibonacci | 0.035733 | 0.036792 | 0.037445 | 0.038503 | 0.039562 | 0.040215 | 0.041273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021690 | 0.029175 | 0.033547 | 0.041032 | 0.045404 | 0.052889 | 0.057261 |
| Camarilla | 0.034659 | 0.035746 | 0.036833 | 0.037920 | 0.039007 | 0.040094 | 0.041181 |
| Woodie | 0.020135 | 0.028397 | 0.031992 | 0.040254 | 0.043849 | 0.052111 | 0.055706 |
| Fibonacci | 0.029175 | 0.033704 | 0.036502 | 0.041032 | 0.045561 | 0.048359 | 0.052889 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025112 | 0.031340 | 0.037413 | 0.043641 | 0.049714 | 0.055942 | 0.062015 |
| Camarilla | 0.040104 | 0.041232 | 0.042359 | 0.043487 | 0.044615 | 0.045742 | 0.046870 |
| Woodie | 0.025036 | 0.031301 | 0.037337 | 0.043602 | 0.049638 | 0.055903 | 0.061939 |
| Fibonacci | 0.031340 | 0.036039 | 0.038942 | 0.043641 | 0.048340 | 0.051243 | 0.055942 |
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): | 34.78 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -27.016861 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.037347 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.036847 | |
| Elder Ray (13): | -0.000051 | |
| Super Trend (3,10): | 0.038955 | |
| Zig ZAG (10): | 0.037996 | |
| VORTEX (21): | 0.8660 | |
| Stochastique (14,3,5): | 56.79 | |
| TEMA (21): | 0.037723 | |
| Williams %R (14): | -43.80 | |
| Chande Momentum Oscillator (20): | -0.000008 | |
| Repulse (5,40,3): | 0.3714 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2917 | |
| Courbe Coppock: | 1.93 |
| MA7: | 0.042867 | |
| MA20: | 0.043649 | |
| MA50: | 0.044206 | |
| MA100: | 0.050609 | |
| MAexp7: | 0.037938 | |
| MAexp20: | 0.038340 | |
| MAexp50: | 0.040011 | |
| MAexp100: | 0.041842 | |
| Price / MA7: | -11.57% | |
| Price / MA20: | -13.15% | |
| Price / MA50: | -14.25% | |
| Price / MA100: | -25.10% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -5.26% | |
| Price / MAexp100: | -9.40% |
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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