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 02/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 0.044170 USDT

My targets

0.052086 USDT (+10.56%)

0.059110 USDT (+25.47%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.044170 USDT remains possible. It is advisable to trade GALA - GALA/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.044170 USDT. The next bullish objective for buyers is set at 0.052086 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.059110 USDT. If there is any crossing, the next objective would be the resistance located at 0.070490 USDT. PS: if there is a bearish break in the support located at 0.044170 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

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

The GALA - GALA/USDT rating is 0.047110 USDT. On the day, this instrument lost -1.11% and was between 0.046370 USDT and 0.049370 USDT. This implies that the price is at +1.60% from its lowest and at -4.58% from its highest.

0.046370

0.049370

0.047110

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

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

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 bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

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.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.025263	0.032865	0.044170	0.047110	0.052086	0.059110	0.070490
Change (%)	-46.37%	-30.24%	-6.24%	-	+10.56%	+25.47%	+49.63%
Change	-0.021847	-0.014245	-0.002940	-	+0.004976	+0.012000	+0.023380
Level	Minor	Minor	Major	-	Major	Intermediate	Minor

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	0.045603	0.046407	0.047023	0.047827	0.048443	0.049247	0.049863
Camarilla	0.047250	0.047380	0.047510	0.047640	0.047770	0.047900	0.048031
Woodie	0.045510	0.046360	0.046930	0.047780	0.048350	0.049200	0.049770
Fibonacci	0.046407	0.046949	0.047284	0.047827	0.048369	0.048704	0.049247

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.028473	0.034447	0.041043	0.047017	0.053613	0.059587	0.066183
Camarilla	0.044183	0.045336	0.046488	0.047640	0.048792	0.049945	0.051097
Woodie	0.028785	0.034603	0.041355	0.047173	0.053925	0.059743	0.066495
Fibonacci	0.034447	0.039248	0.042215	0.047017	0.051818	0.054785	0.059587

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.020097	-0.001873	0.026153	0.044377	0.072403	0.090627	0.118653
Camarilla	0.041461	0.045701	0.049940	0.054180	0.058420	0.062659	0.066899
Woodie	-0.015195	0.000578	0.031055	0.046828	0.077305	0.093078	0.123555
Fibonacci	-0.001873	0.015794	0.026709	0.044377	0.062044	0.072959	0.090627

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.12
MACD (12,26,9):	-0.0001
Directional Movement:	8.917756
AROON (14):	-57.142857
DEMA (21):	0.048412
Parabolic SAR (0,02-0,02-0,2):	0.053486
Elder Ray (13):	0.000348
Super Trend (3,10):	0.039177
Zig ZAG (10):	0.046810
VORTEX (21):	0.9119
Stochastique (14,3,5):	40.52
TEMA (21):	0.045371
Williams %R (14):	-61.14
Chande Momentum Oscillator (20):	-0.008570
Repulse (5,40,3):	-3.9101
ROCnROLL:	-1
TRIX (15,9):	0.1726
Courbe Coppock:	30.12

MA7:	0.046279
MA20:	0.049604
MA50:	0.044499
MA100:	0.034088
MAexp7:	0.046964
MAexp20:	0.047846
MAexp50:	0.044313
MAexp100:	0.044796
Price / MA7:	+1.80%
Price / MA20:	-5.03%
Price / MA50:	+5.87%
Price / MA100:	+38.20%
Price / MAexp7:	+0.31%
Price / MAexp20:	-1.54%
Price / MAexp50:	+6.31%
Price / MAexp100:	+5.17%

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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