ALGORAND - ALGO/USD
ALGORAND - ALGO/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ALGOUSD
ISIN:

ALGORAND - ALGO/USD - 1H - Technical analysis published on 09/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 0.357500 USD
My targets
0.335867 USD (-2.14%)
0.262733 USD (-23.45%)
My analysis
ALGORAND - ALGO/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.357500 USD. The next support located at 0.335867 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.262733 USD. Below this support, sellers could then target 0.248753 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4

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 0.343200 USD. The price registered a decrease of -3.73% on the session with the lowest point at 0.342100 USD and the highest point at 0.363100 USD. The deviation from the price is +0.32% for the low point and -5.48% for the high point.

0.342100
0.363100
0.343200

Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USD:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this ALGORAND - ALGO/USD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.204414 0.248753 0.342300 0.343200 0.357500 0.390140 0.417800
Change (%) -40.44% -27.52% -0.26% - +4.17% +13.68% +21.74%
Change -0.138786 -0.094447 -0.000900 - +0.014300 +0.046940 +0.074600
Level Intermediate Intermediate Major - Minor 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
Standard0.3129000.3295000.3430000.3596000.3731000.3897000.403200
Camarilla0.3482230.3509820.3537410.3565000.3592590.3620180.364778
Woodie0.3113500.3287250.3414500.3588250.3715500.3889250.401650
Fibonacci0.3295000.3409980.3481020.3596000.3710980.3782020.389700


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2064670.2627330.3358670.3921330.4652670.5215330.594667
Camarilla0.3734150.3852770.3971380.4090000.4208620.4327230.444585
Woodie0.2149000.2669500.3443000.3963500.4737000.5257500.603100
Fibonacci0.2627330.3121640.3427030.3921330.4415640.4721030.521533


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.2259670.0239670.2631330.5130670.7522331.0021671.241333
Camarilla0.3677980.4126320.4574660.5023000.5471340.5919680.636803
Woodie-0.2313500.0212750.2577500.5103750.7468500.9994751.235950
Fibonacci0.0239670.2108030.3262310.5130670.6999030.8153311.002167

Numerical data


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

Technical indicators
Moving averages

RSI (14): 47.74
MACD (12,26,9): -0.0010
Directional Movement: 3.696811
AROON (14): 42.857140
DEMA (21): 0.353685
Parabolic SAR (0,02-0,02-0,2): 0.363177
Elder Ray (13): -0.000443
Super Trend (3,10): 0.366975
Zig ZAG (10): 0.353600
VORTEX (21): 0.9684
Stochastique (14,3,5): 48.91
TEMA (21): 0.353167
Williams %R (14): -58.13
Chande Momentum Oscillator (20): -0.004700
Repulse (5,40,3): -1.1282
ROCnROLL: 2
TRIX (15,9): -0.0327
Courbe Coppock: 2.83
MA7: 0.370286
MA20: 0.399805
MA50: 0.459070
MA100: 0.362401
MAexp7: 0.354029
MAexp20: 0.354916
MAexp50: 0.356932
MAexp100: 0.362109
Price / MA7: -7.31%
Price / MA20: -14.16%
Price / MA50: -25.24%
Price / MA100: -5.30%
Price / MAexp7: -3.06%
Price / MAexp20: -3.30%
Price / MAexp50: -3.85%
Price / MAexp100: -5.22%

Quotes : 2020-09-18 15:37:41 - Real time data - Cryptocompare

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

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