GALA - GALA/USDT - 1H - Technical analysis published on 04/19/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.045297 USDT
My targets
0.048750 USDT (+2.39%)
0.049810 USDT (+4.62%)
My analysis
The basic bullish trend is very strong on GALA - GALA/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.045297 USDT. Crossing the first resistance at 0.048750 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.049810 USDT as an objective. Crossing it would then enable buyers to target 0.050770 USDT. Caution, a return to below 0.045297 USDT would be a sign of a consolidation phase in the short-term basic trend. 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
0
10
5.4
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This analysis was given by mdz. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GALA - GALA/USDT price is 0.047610 USDT. The price registered an increase of +1.13% on the session and was between 0.046950 USDT and 0.048770 USDT. This implies that the price is at +1.41% from its lowest and at -2.38% from its highest.0.046950
0.048770
0.047610
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this GALA - GALA/USDT chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.039563 | 0.042171 | 0.043876 | 0.047610 | 0.048750 | 0.049810 | 0.050770 |
| Change (%) | -16.90% | -11.42% | -7.84% | - | +2.39% | +4.62% | +6.64% |
| Change | -0.008047 | -0.005439 | -0.003734 | - | +0.001140 | +0.002200 | +0.003160 |
| Level | Major | Intermediate | Major | - | Minor | Major | 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 | 0.037723 | 0.040687 | 0.043883 | 0.046847 | 0.050043 | 0.053007 | 0.056203 |
| Camarilla | 0.045386 | 0.045951 | 0.046515 | 0.047080 | 0.047645 | 0.048209 | 0.048774 |
| Woodie | 0.037840 | 0.040745 | 0.044000 | 0.046905 | 0.050160 | 0.053065 | 0.056320 |
| Fibonacci | 0.040687 | 0.043040 | 0.044494 | 0.046847 | 0.049200 | 0.050654 | 0.053007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034157 | 0.036603 | 0.039727 | 0.042173 | 0.045297 | 0.047743 | 0.050867 |
| Camarilla | 0.041318 | 0.041829 | 0.042339 | 0.042850 | 0.043361 | 0.043871 | 0.044382 |
| Woodie | 0.034495 | 0.036773 | 0.040065 | 0.042343 | 0.045635 | 0.047913 | 0.051205 |
| Fibonacci | 0.036603 | 0.038731 | 0.040046 | 0.042173 | 0.044301 | 0.045616 | 0.047743 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009660 | 0.019820 | 0.030610 | 0.040770 | 0.051560 | 0.061720 | 0.072510 |
| Camarilla | 0.035639 | 0.037559 | 0.039480 | 0.041400 | 0.043320 | 0.045241 | 0.047161 |
| Woodie | 0.009975 | 0.019978 | 0.030925 | 0.040928 | 0.051875 | 0.061878 | 0.072825 |
| Fibonacci | 0.019820 | 0.027823 | 0.032767 | 0.040770 | 0.048773 | 0.053717 | 0.061720 |
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): | 54.27 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 12.360141 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.048136 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.046750 | |
| Elder Ray (13): | -0.000108 | |
| Super Trend (3,10): | 0.046351 | |
| Zig ZAG (10): | 0.047630 | |
| VORTEX (21): | 0.9714 | |
| Stochastique (14,3,5): | 43.49 | |
| TEMA (21): | 0.047853 | |
| Williams %R (14): | -48.40 | |
| Chande Momentum Oscillator (20): | 0.000490 | |
| Repulse (5,40,3): | 0.0912 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1926 | |
| Courbe Coppock: | 1.74 |
| MA7: | 0.044571 | |
| MA20: | 0.042185 | |
| MA50: | 0.040325 | |
| MA100: | 0.043282 | |
| MAexp7: | 0.047682 | |
| MAexp20: | 0.047444 | |
| MAexp50: | 0.046276 | |
| MAexp100: | 0.045036 | |
| Price / MA7: | +6.82% | |
| Price / MA20: | +12.86% | |
| Price / MA50: | +18.07% | |
| Price / MA100: | +10.00% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +2.88% | |
| Price / MAexp100: | +5.72% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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