ALGORAND (X1000) - ALGO/BTC
ALGORAND (X1000) - ALGO/BTC
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Type: Cryptocurrencies
Ticker: ALGOBTC
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ALGORAND (X1000) - ALGO/BTC - 15 min. - Technical analysis published on 04/02/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
33%
44%
22%
My opinion
Bullish above 0.020406 BTC
My targets
0.021127 BTC (+2.07%)
0.021429 BTC (+3.53%)
My analysis
ALGORAND (X1000) - ALGO/BTC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.020406 BTC. The next resistance located at 0.021127 BTC is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.021429 BTC. After this resistance, buyers could then target 0.027674 BTC. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4

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This analysis was given by mickaastrup. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The ALGORAND (X1000) - ALGO/BTC price is 0.020699 BTC. On the day, this instrument gained +2.02% and was traded between 0.020250 BTC and 0.020790 BTC over the period. The price is currently at +2.22% from its lowest and -0.44% from its highest.

0.020250
0.020790
0.020699

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 an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of ALGORAND (X1000) - ALGO/BTC indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.019836 0.020453 0.020660 0.020699 0.020972 0.021412 0.027674
Change (%) -4.17% -1.19% -0.19% - +1.32% +3.44% +33.70%
Change -0.000863 -0.000246 -0.000039 - +0.000273 +0.000713 +0.006975
Level Intermediate Intermediate Intermediate - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0192660.0196850.0199870.0204060.0207080.0211270.021429
Camarilla0.0200920.0201580.0202240.0202900.0203560.0204220.020488
Woodie0.0192090.0196560.0199300.0203770.0206510.0210980.021372
Fibonacci0.0196850.0199600.0201300.0204060.0206810.0208510.021127


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0144300.0160100.0182520.0198320.0220740.0236540.025896
Camarilla0.0194430.0197930.0201440.0204940.0208440.0211950.021545
Woodie0.0147610.0161760.0185830.0199980.0224050.0238200.026227
Fibonacci0.0160100.0174700.0183720.0198320.0212920.0221940.023654


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0141420.0157960.0181050.0197590.0220680.0237220.026031
Camarilla0.0193250.0196890.0200520.0204150.0207780.0211420.021505
Woodie0.0144710.0159600.0184340.0199230.0223970.0238860.026360
Fibonacci0.0157960.0173100.0182450.0197590.0212730.0222080.023722

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): 56.19
MACD (12,26,9): 0.0001
Directional Movement: 11.565436
AROON (14): 64.285714
DEMA (21): 0.020727
Parabolic SAR (0,02-0,02-0,2): 0.020773
Elder Ray (13): -0.000008
Super Trend (3,10): 0.020572
Zig ZAG (10): 0.020664
VORTEX (21): 1.0817
Stochastique (14,3,5): 47.62
TEMA (21): 0.020735
Williams %R (14): -58.55
Chande Momentum Oscillator (20): 0.000044
Repulse (5,40,3): -0.0620
ROCnROLL: -1
TRIX (15,9): 0.0532
Courbe Coppock: 0.96
MA7: 0.019997
MA20: 0.019312
MA50: 0.019925
MA100: 0.024783
MAexp7: 0.020684
MAexp20: 0.020643
MAexp50: 0.020554
MAexp100: 0.020487
Price / MA7: +3.51%
Price / MA20: +7.18%
Price / MA50: +3.88%
Price / MA100: -16.48%
Price / MAexp7: +0.07%
Price / MAexp20: +0.27%
Price / MAexp50: +0.71%
Price / MAexp100: +1.03%

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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