GALA - GALA/USD

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Type:	Cryptocurrencies
Ticker:	GALAUSD
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GALA - GALA/USD - 1H - Technical analysis published on 10/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.020157 USD

My targets

0.020973 USD (+0.82%)

0.022223 USD (+6.83%)

My analysis

The bullish trend is currently very strong on GALA - GALA/USD. As long as the price remains above the support at 0.020157 USD, you could try to benefit from the boom. The first bullish objective is located at 0.020973 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.022223 USD as an objective. Crossing it would then enable buyers to target 0.023763 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

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

The GALA - GALA/USD price is 0.020802 USD. On the day, this instrument gained +6.60% and was between 0.019346 USD and 0.020818 USD. This implies that the price is at +7.53% from its lowest and at -0.08% from its highest.

0.019346

0.020818

0.020802

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GALA - GALA/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.018501	0.019130	0.020157	0.020802	0.022223	0.023763	0.024894
Change (%)	-11.06%	-8.04%	-3.10%	-	+6.83%	+14.23%	+19.67%
Change	-0.002301	-0.001672	-0.000645	-	+0.001421	+0.002961	+0.004092
Level	Minor	Intermediate	Minor	-	Minor	Major	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	0.017797	0.018392	0.018954	0.019549	0.020111	0.020706	0.021268
Camarilla	0.019197	0.019303	0.019409	0.019515	0.019621	0.019727	0.019833
Woodie	0.017780	0.018384	0.018937	0.019541	0.020094	0.020698	0.021251
Fibonacci	0.018392	0.018834	0.019107	0.019549	0.019991	0.020264	0.020706

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.010640	0.014570	0.017043	0.020973	0.023446	0.027376	0.029849
Camarilla	0.017754	0.018341	0.018928	0.019515	0.020102	0.020689	0.021276
Woodie	0.009911	0.014206	0.016314	0.020609	0.022717	0.027012	0.029120
Fibonacci	0.014570	0.017016	0.018527	0.020973	0.023419	0.024930	0.027376

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008782	0.012653	0.017575	0.021446	0.026368	0.030239	0.035161
Camarilla	0.020079	0.020885	0.021691	0.022497	0.023303	0.024109	0.024915
Woodie	0.009308	0.012916	0.018101	0.021709	0.026894	0.030502	0.035687
Fibonacci	0.012653	0.016012	0.018087	0.021446	0.024805	0.026880	0.030239

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):	76.14
MACD (12,26,9):	0.0002
Directional Movement:	30.693591
AROON (14):	85.714286
DEMA (21):	0.020148
Parabolic SAR (0,02-0,02-0,2):	0.019665
Elder Ray (13):	0.000674
Super Trend (3,10):	0.020067
Zig ZAG (10):	0.020757
VORTEX (21):	1.3219
Stochastique (14,3,5):	98.66
TEMA (21):	0.020363
Williams %R (14):	-3.33
Chande Momentum Oscillator (20):	0.001349
Repulse (5,40,3):	2.8998
ROCnROLL:	1
TRIX (15,9):	0.0455
Courbe Coppock:	7.74

MA7:	0.020243
MA20:	0.020983
MA50:	0.019563
MA100:	0.020521
MAexp7:	0.020319
MAexp20:	0.019919
MAexp50:	0.019794
MAexp100:	0.020073
Price / MA7:	+2.76%
Price / MA20:	-0.86%
Price / MA50:	+6.33%
Price / MA100:	+1.37%
Price / MAexp7:	+2.38%
Price / MAexp20:	+4.43%
Price / MAexp50:	+5.09%
Price / MAexp100:	+3.63%

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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