GALA - GALA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GALAUSDT
ISIN:

GALA - GALA/USDT - Daily - Technical analysis published on 09/21/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.013930 USDT

My targets

0.011343 USDT (-12.34%)

0.008007 USDT (-38.12%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GALA - GALA/USDT as long as the price remains well below 0.013930 USDT. The sellers' bearish objective is set at 0.011343 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.008007 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 0.012940 USDT. On the day, this instrument lost -7.04% and was traded between 0.012940 USDT and 0.014110 USDT over the period. The price is currently at 0% from its lowest and -8.29% from its highest.

0.012940

0.014110

0.012940

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GALA - GALA/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.012940	0.013930	0.021713	0.028390
Change (%)	-	+7.65%	+67.80%	+119.40%
Change	-	+0.000990	+0.008773	+0.015450
Level	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012893	0.013287	0.013603	0.013997	0.014313	0.014707	0.015023
Camarilla	0.013725	0.013790	0.013855	0.013920	0.013985	0.014050	0.014115
Woodie	0.012855	0.013268	0.013565	0.013978	0.014275	0.014688	0.014985
Fibonacci	0.013287	0.013558	0.013725	0.013997	0.014268	0.014435	0.014707

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.011343	0.012497	0.013673	0.014827	0.016003	0.017157	0.018333
Camarilla	0.014209	0.014423	0.014636	0.014850	0.015064	0.015277	0.015491
Woodie	0.011355	0.012503	0.013685	0.014833	0.016015	0.017163	0.018345
Fibonacci	0.012497	0.013387	0.013937	0.014827	0.015717	0.016267	0.017157

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008007	0.013073	0.015947	0.021013	0.023887	0.028953	0.031827
Camarilla	0.016637	0.017364	0.018092	0.018820	0.019548	0.020276	0.021004
Woodie	0.006910	0.012525	0.014850	0.020465	0.022790	0.028405	0.030730
Fibonacci	0.013073	0.016106	0.017980	0.021013	0.024046	0.025920	0.028953

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	24.07
MACD (12,26,9):	-0.0014
Directional Movement:	-30.501250
AROON (14):	-92.857143
DEMA (21):	0.013313
Parabolic SAR (0,02-0,02-0,2):	0.014610
Elder Ray (13):	-0.001031
Super Trend (3,10):	0.016082
Zig ZAG (10):	0.013020
VORTEX (21):	0.7013
Stochastique (14,3,5):	11.79
TEMA (21):	0.013224
Williams %R (14):	-98.79
Chande Momentum Oscillator (20):	-0.002970
Repulse (5,40,3):	-12.9146
ROCnROLL:	2
TRIX (15,9):	-1.2352
Courbe Coppock:	28.41

MA7:	0.014194
MA20:	0.015103
MA50:	0.018673
MA100:	0.021644
MAexp7:	0.014016
MAexp20:	0.015308
MAexp50:	0.018066
MAexp100:	0.021624
Price / MA7:	-8.83%
Price / MA20:	-14.32%
Price / MA50:	-30.70%
Price / MA100:	-40.21%
Price / MAexp7:	-7.68%
Price / MAexp20:	-15.47%
Price / MAexp50:	-28.37%
Price / MAexp100:	-40.16%

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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