ALGORAND - ALGO/USD
ALGORAND - ALGO/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ALGOUSD
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ALGORAND - ALGO/USD - 1H - Technical analysis published on 08/09/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.395433 USD
My targets
0.496900 USD (+14.84%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.395433 USD remains possible. It is advisable to trade ALGORAND - ALGO/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.395433 USD. The next bullish objective for buyers is set at 0.496900 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 0.395433 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9

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 AKOUSA.

Additional analysis

Quotes

The ALGORAND - ALGO/USD price is 0.432700 USD. The price is lower by -4.40% since the last closing and was between 0.411400 USD and 0.471800 USD. This implies that the price is at +5.18% from its lowest and at -8.29% from its highest.

0.411400
0.471800
0.432700

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



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this 1H chart of ALGORAND - ALGO/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.348733 0.372867 0.390000 0.432700 0.496900
Change (%) -19.41% -13.83% -9.87% - +14.84%
Change -0.083967 -0.059833 -0.042700 - +0.064200
Level Intermediate Intermediate Intermediate - Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3050000.3374000.3950000.4274000.4850000.5174000.575000
Camarilla0.4278500.4361000.4443500.4526000.4608500.4691000.477350
Woodie0.3176000.3437000.4076000.4337000.4976000.5237000.587600
Fibonacci0.3374000.3717800.3930200.4274000.4617800.4830200.517400


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1451670.2095330.3310670.3954330.5169670.5813330.702867
Camarilla0.4014780.4185180.4355590.4526000.4696410.4866820.503723
Woodie0.1737500.2238250.3596500.4097250.5455500.5956250.731450
Fibonacci0.2095330.2805470.3244200.3954330.4664470.5103200.581333


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0210670.1111330.2194670.3095330.4178670.5079330.616267
Camarilla0.2732400.2914270.3096130.3278000.3459870.3641730.382360
Woodie0.0302000.1157000.2286000.3141000.4270000.5125000.625400
Fibonacci0.1111330.1869220.2337450.3095330.3853220.4321450.507933

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 52.84
MACD (12,26,9): 0.0033
Directional Movement: 2.913773
AROON (14): -71.428574
DEMA (21): 0.441001
Parabolic SAR (0,02-0,02-0,2): 0.452545
Elder Ray (13): 0.002400
Super Trend (3,10): 0.418387
Zig ZAG (10): 0.434700
VORTEX (21): 0.9870
Stochastique (14,3,5): 34.95
TEMA (21): 0.432266
Williams %R (14): -60.73
Chande Momentum Oscillator (20): -0.024800
Repulse (5,40,3): 0.3373
ROCnROLL: -1
TRIX (15,9): 0.2427
Courbe Coppock: 8.08
MA7: 0.370857
MA20: 0.339420
MA50: 0.290036
MA100: 0.254619
MAexp7: 0.433711
MAexp20: 0.434042
MAexp50: 0.417550
MAexp100: 0.393891
Price / MA7: +16.68%
Price / MA20: +27.48%
Price / MA50: +49.19%
Price / MA100: +69.94%
Price / MAexp7: -0.23%
Price / MAexp20: -0.31%
Price / MAexp50: +3.63%
Price / MAexp100: +9.85%

Quotes : 2020-08-09 19:33:25 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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