GALA - GALA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GALAUSDT
ISIN:

GALA - GALA/USDT - Daily - Technical analysis published on 01/08/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Bullish above 0.024667 USDT

My targets

0.032693 USDT (+21.00%)

0.039440 USDT (+45.97%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for GALA - GALA/USDT as long as the price remains well above 0.024667 USDT. The buyers' bullish objective is set at 0.032693 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.039440 USDT. If there is any crossing, the next objective would be the resistance located at 0.052004 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.032693 USDT. On this resistance, against the trend traders who would like to go short on GALA - GALA/USDT with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GALA - GALA/USDT rating 0.027020 USDT. On the day, this instrument gained +15.92% with the lowest point at 0.023120 USDT and the highest point at 0.027280 USDT. The deviation from the price is +16.87% for the low point and -0.95% for the high point.

0.023120

0.027280

0.027020

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on GALA - GALA/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of GALA - GALA/USDT indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. 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 : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 15 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 : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White marubozu

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.016180	0.027020	0.027070	0.039440	0.052004
Change (%)	-40.12%	-	+0.19%	+45.97%	+92.46%
Change	-0.010840	-	+0.000050	+0.012420	+0.024984
Level	Intermediate	-	Minor	Minor	Major

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	0.020333	0.021717	0.022513	0.023897	0.024693	0.026077	0.026873
Camarilla	0.022711	0.022910	0.023110	0.023310	0.023510	0.023710	0.023910
Woodie	0.020040	0.021570	0.022220	0.023750	0.024400	0.025930	0.026580
Fibonacci	0.021717	0.022549	0.023064	0.023897	0.024729	0.025244	0.026077

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.009083	0.012717	0.018013	0.021647	0.026943	0.030577	0.035873
Camarilla	0.020854	0.021673	0.022491	0.023310	0.024129	0.024947	0.025766
Woodie	0.009915	0.013133	0.018845	0.022063	0.027775	0.030993	0.036705
Fibonacci	0.012717	0.016128	0.018235	0.021647	0.025058	0.027165	0.030577

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.000553	0.007473	0.012057	0.020083	0.024667	0.032693	0.037277
Camarilla	0.013172	0.014328	0.015484	0.016640	0.017796	0.018952	0.020108
Woodie	-0.002275	0.006613	0.010335	0.019223	0.022945	0.031833	0.035555
Fibonacci	0.007473	0.012290	0.015266	0.020083	0.024900	0.027876	0.032693

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):	73.05
MACD (12,26,9):	-0.0001
Directional Movement:	23.815612
AROON (14):	64.285714
DEMA (21):	0.019532
Parabolic SAR (0,02-0,02-0,2):	0.017105
Elder Ray (13):	0.004781
Super Trend (3,10):	0.019304
Zig ZAG (10):	0.026490
VORTEX (21):	1.0904
Stochastique (14,3,5):	85.72
TEMA (21):	0.021393
Williams %R (14):	-5.26
Chande Momentum Oscillator (20):	0.008880
Repulse (5,40,3):	24.2248
ROCnROLL:	1
TRIX (15,9):	-0.9413
Courbe Coppock:	27.77

MA7:	0.020687
MA20:	0.018864
MA50:	0.022334
MA100:	0.030320
MAexp7:	0.021801
MAexp20:	0.020281
MAexp50:	0.023552
MAexp100:	0.040080
Price / MA7:	+30.61%
Price / MA20:	+43.24%
Price / MA50:	+20.98%
Price / MA100:	-10.88%
Price / MAexp7:	+23.94%
Price / MAexp20:	+33.23%
Price / MAexp50:	+14.72%
Price / MAexp100:	-32.58%

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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