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 03/18/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.042110 USDT

My targets

0.052198 USDT (+9.54%)

0.059110 USDT (+24.05%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GALA - GALA/USDT as long as the price remains well above 0.042110 USDT. The buyers' bullish objective is set at 0.052198 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.059110 USDT.

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

7.1

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 domdufour. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GALA - GALA/USDT rating 0.047650 USDT. On the day, this instrument gained +8.17% and was between 0.043120 USDT and 0.048930 USDT. This implies that the price is at +10.51% from its lowest and at -2.62% from its highest.

0.043120

0.048930

0.047650

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

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 an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of GALA - GALA/USDT in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong 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 trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

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

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

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 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Three white soldiers

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.038830	0.042110	0.047160	0.047650	0.052198	0.059110
Change (%)	-18.51%	-11.63%	-1.03%	-	+9.54%	+24.05%
Change	-0.008820	-0.005540	-0.000490	-	+0.004548	+0.011460
Level	Intermediate	Major	Minor	-	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.035377	0.037183	0.040617	0.042423	0.045857	0.047663	0.051097
Camarilla	0.042609	0.043089	0.043570	0.044050	0.044530	0.045011	0.045491
Woodie	0.036190	0.037590	0.041430	0.042830	0.046670	0.048070	0.051910
Fibonacci	0.037183	0.039185	0.040422	0.042423	0.044425	0.045662	0.047663

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.017547	0.023763	0.027527	0.033743	0.037507	0.043723	0.047487
Camarilla	0.028546	0.029460	0.030375	0.031290	0.032205	0.033120	0.034035
Woodie	0.016320	0.023150	0.026300	0.033130	0.036280	0.043110	0.046260
Fibonacci	0.023763	0.027576	0.029931	0.033743	0.037556	0.039911	0.043723

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.018973	0.029697	0.037083	0.047807	0.055193	0.065917	0.073303
Camarilla	0.039490	0.041150	0.042810	0.044470	0.046130	0.047790	0.049450
Woodie	0.017305	0.028863	0.035415	0.046973	0.053525	0.065083	0.071635
Fibonacci	0.029697	0.036615	0.040889	0.047807	0.054725	0.058999	0.065917

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):	59.86
MACD (12,26,9):	-0.0005
Directional Movement:	17.860304
AROON (14):	50.000000
DEMA (21):	0.038983
Parabolic SAR (0,02-0,02-0,2):	0.033147
Elder Ray (13):	0.005797
Super Trend (3,10):	0.031424
Zig ZAG (10):	0.047940
VORTEX (21):	0.9650
Stochastique (14,3,5):	84.40
TEMA (21):	0.039555
Williams %R (14):	-4.54
Chande Momentum Oscillator (20):	0.009090
Repulse (5,40,3):	22.7977
ROCnROLL:	1
TRIX (15,9):	-0.8174
Courbe Coppock:	7.59

MA7:	0.040814
MA20:	0.038649
MA50:	0.045687
MA100:	0.036721
MAexp7:	0.041650
MAexp20:	0.040388
MAexp50:	0.041318
MAexp100:	0.042298
Price / MA7:	+16.75%
Price / MA20:	+23.29%
Price / MA50:	+4.30%
Price / MA100:	+29.76%
Price / MAexp7:	+14.41%
Price / MAexp20:	+17.98%
Price / MAexp50:	+15.33%
Price / MAexp100:	+12.65%

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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