ALGORAND - ALGO/USD - 1H - Technical analysis published on 09/13/2020 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.390433 USD
My targets
0.355600 USD (-5.43%)
0.342300 USD (-8.96%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALGORAND - ALGO/USD as long as the price remains well below 0.390433 USD. The sellers” bearish objective is set at 0.355600 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.342300 USD. In case of crossing, the next objective would be the support located at 0.315600 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.7
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This analysis was given by AKOUSA.
Additional analysis
Quotes
The ALGORAND - ALGO/USD price is 0.376000 USD. The price is lower by -8.07% since the last closing with the lowest point at 0.370300 USD and the highest point at 0.415900 USD. The deviation from the price is +1.54% for the low point and -9.59% for the high point.0.370300
0.415900
0.376000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USD:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ALGORAND - ALGO/USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 0.315600 | 0.342300 | 0.355600 | 0.376000 | 0.390433 | 0.410833 | 0.448444 |
Change (%) | -16.06% | -8.96% | -5.43% | - | +3.84% | +9.26% | +19.27% |
Change | -0.060400 | -0.033700 | -0.020400 | - | +0.014433 | +0.034833 | +0.072444 |
Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 0.378600 | 0.388200 | 0.398600 | 0.408200 | 0.418600 | 0.428200 | 0.438600 |
Camarilla | 0.403500 | 0.405333 | 0.407167 | 0.409000 | 0.410833 | 0.412667 | 0.414500 |
Woodie | 0.379000 | 0.388400 | 0.399000 | 0.408400 | 0.419000 | 0.428400 | 0.439000 |
Fibonacci | 0.388200 | 0.395840 | 0.400560 | 0.408200 | 0.415840 | 0.420560 | 0.428200 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.206467 | 0.262733 | 0.335867 | 0.392133 | 0.465267 | 0.521533 | 0.594667 |
Camarilla | 0.373415 | 0.385277 | 0.397138 | 0.409000 | 0.420862 | 0.432723 | 0.444585 |
Woodie | 0.214900 | 0.266950 | 0.344300 | 0.396350 | 0.473700 | 0.525750 | 0.603100 |
Fibonacci | 0.262733 | 0.312164 | 0.342703 | 0.392133 | 0.441564 | 0.472103 | 0.521533 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.225967 | 0.023967 | 0.263133 | 0.513067 | 0.752233 | 1.002167 | 1.241333 |
Camarilla | 0.367798 | 0.412632 | 0.457466 | 0.502300 | 0.547134 | 0.591968 | 0.636803 |
Woodie | -0.231350 | 0.021275 | 0.257750 | 0.510375 | 0.746850 | 0.999475 | 1.235950 |
Fibonacci | 0.023967 | 0.210803 | 0.326231 | 0.513067 | 0.699903 | 0.815331 | 1.002167 |
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): | 27.91 | |
MACD (12,26,9): | -0.0056 | |
Directional Movement: | -20.921344 | |
AROON (14): | -35.714287 | |
DEMA (21): | 0.391711 | |
Parabolic SAR (0,02-0,02-0,2): | 0.411404 | |
Elder Ray (13): | -0.019586 | |
Super Trend (3,10): | 0.399209 | |
Zig ZAG (10): | 0.377300 | |
VORTEX (21): | 0.8126 | |
Stochastique (14,3,5): | 6.44 | |
TEMA (21): | 0.386592 | |
Williams %R (14): | -89.04 | |
Chande Momentum Oscillator (20): | -0.027000 | |
Repulse (5,40,3): | -4.6204 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0503 | |
Courbe Coppock: | 7.50 |
MA7: | 0.392014 | |
MA20: | 0.444585 | |
MA50: | 0.454276 | |
MA100: | 0.356265 | |
MAexp7: | 0.387670 | |
MAexp20: | 0.397351 | |
MAexp50: | 0.400014 | |
MAexp100: | 0.395947 | |
Price / MA7: | -4.09% | |
Price / MA20: | -15.43% | |
Price / MA50: | -17.23% | |
Price / MA100: | +5.54% | |
Price / MAexp7: | -3.01% | |
Price / MAexp20: | -5.37% | |
Price / MAexp50: | -6.00% | |
Price / MAexp100: | -5.04% |
Quotes :
2020-09-13 14:02:00
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Real time data
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Cryptocompare
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