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
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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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 0.305000 | 0.337400 | 0.395000 | 0.427400 | 0.485000 | 0.517400 | 0.575000 |
Camarilla | 0.427850 | 0.436100 | 0.444350 | 0.452600 | 0.460850 | 0.469100 | 0.477350 |
Woodie | 0.317600 | 0.343700 | 0.407600 | 0.433700 | 0.497600 | 0.523700 | 0.587600 |
Fibonacci | 0.337400 | 0.371780 | 0.393020 | 0.427400 | 0.461780 | 0.483020 | 0.517400 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.145167 | 0.209533 | 0.331067 | 0.395433 | 0.516967 | 0.581333 | 0.702867 |
Camarilla | 0.401478 | 0.418518 | 0.435559 | 0.452600 | 0.469641 | 0.486682 | 0.503723 |
Woodie | 0.173750 | 0.223825 | 0.359650 | 0.409725 | 0.545550 | 0.595625 | 0.731450 |
Fibonacci | 0.209533 | 0.280547 | 0.324420 | 0.395433 | 0.466447 | 0.510320 | 0.581333 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.021067 | 0.111133 | 0.219467 | 0.309533 | 0.417867 | 0.507933 | 0.616267 |
Camarilla | 0.273240 | 0.291427 | 0.309613 | 0.327800 | 0.345987 | 0.364173 | 0.382360 |
Woodie | 0.030200 | 0.115700 | 0.228600 | 0.314100 | 0.427000 | 0.512500 | 0.625400 |
Fibonacci | 0.111133 | 0.186922 | 0.233745 | 0.309533 | 0.385322 | 0.432145 | 0.507933 |
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
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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.
About author
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