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
Analysis too old. There are no more charts available.
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:
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:
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:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019266 | 0.019685 | 0.019987 | 0.020406 | 0.020708 | 0.021127 | 0.021429 |
| Camarilla | 0.020092 | 0.020158 | 0.020224 | 0.020290 | 0.020356 | 0.020422 | 0.020488 |
| Woodie | 0.019209 | 0.019656 | 0.019930 | 0.020377 | 0.020651 | 0.021098 | 0.021372 |
| Fibonacci | 0.019685 | 0.019960 | 0.020130 | 0.020406 | 0.020681 | 0.020851 | 0.021127 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014430 | 0.016010 | 0.018252 | 0.019832 | 0.022074 | 0.023654 | 0.025896 |
| Camarilla | 0.019443 | 0.019793 | 0.020144 | 0.020494 | 0.020844 | 0.021195 | 0.021545 |
| Woodie | 0.014761 | 0.016176 | 0.018583 | 0.019998 | 0.022405 | 0.023820 | 0.026227 |
| Fibonacci | 0.016010 | 0.017470 | 0.018372 | 0.019832 | 0.021292 | 0.022194 | 0.023654 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014142 | 0.015796 | 0.018105 | 0.019759 | 0.022068 | 0.023722 | 0.026031 |
| Camarilla | 0.019325 | 0.019689 | 0.020052 | 0.020415 | 0.020778 | 0.021142 | 0.021505 |
| Woodie | 0.014471 | 0.015960 | 0.018434 | 0.019923 | 0.022397 | 0.023886 | 0.026360 |
| Fibonacci | 0.015796 | 0.017310 | 0.018245 | 0.019759 | 0.021273 | 0.022208 | 0.023722 |
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 :
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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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