Londinia Opportunities Analyses - 01/24/2025 (GMT) GALXE - GAL/USDT - 1H

GALXE - GAL/USDT
- USDT (-)
- Real time data - CoinMarketCap
Type: Cryptocurrencies
Ticker: GALUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.65 USDT
My targets
1.59 USDT (-2.45%)
1.38 USDT (-15.34%)
My analysis
GALXE - GAL/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.65 USDT. The next support located at 1.59 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.38 USDT. Below this support, sellers could then target 1.08 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7

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.

Additional analysis

Quotes

GALXE - GAL/USDT rating 1.63 USDT. On the day, this instrument lost -2.40% and was traded between 1.63 USDT and 1.71 USDT over the period. The price is currently at 0% from its lowest and -4.68% from its highest.

1.63
1.71
1.63

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GALXE - GAL/USDT:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


Technical analysis of this 1H chart of GALXE - GAL/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
ProTrendLines 1.63 1.65 1.68 1.81
Change (%) - +1.23% +3.07% +11.04%
Change - +0.02 +0.05 +0.18
Level - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.541.601.631.691.721.781.81
Camarilla1.651.651.661.671.681.691.70
Woodie1.541.591.631.681.721.771.81
Fibonacci1.601.631.651.691.721.741.78


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.081.381.591.892.102.402.61
Camarilla1.661.711.751.801.851.891.94
Woodie1.041.361.551.872.062.382.57
Fibonacci1.381.581.701.892.092.212.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.810.451.192.453.194.455.19
Camarilla1.381.561.751.932.112.302.48
Woodie-1.070.320.932.322.934.324.93
Fibonacci0.451.211.692.453.213.694.45

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): 33.71
MACD (12,26,9): -0.0200
Directional Movement: -1.52
AROON (14): -14.28
DEMA (21): 1.65
Parabolic SAR (0,02-0,02-0,2): 1.71
Elder Ray (13): -0.03
Super Trend (3,10): 1.69
Zig ZAG (10): 1.63
VORTEX (21): 0.7400
Stochastique (14,3,5): 8.33
TEMA (21): 1.64
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.06
Repulse (5,40,3): 0.7700
ROCnROLL: 2
TRIX (15,9): -0.1100
Courbe Coppock: 5.20
MA7: 1.71
MA20: 1.86
MA50: 2.09
MA100: 2.51
MAexp7: 1.65
MAexp20: 1.67
MAexp50: 1.69
MAexp100: 1.72
Price / MA7: -4.68%
Price / MA20: -12.37%
Price / MA50: -22.01%
Price / MA100: -35.06%
Price / MAexp7: -1.21%
Price / MAexp20: -2.40%
Price / MAexp50: -3.55%
Price / MAexp100: -5.23%

Quotes : - Real time data - Cryptocompare