ALGORAND - ALGO/USD - 1H - Technical analysis published on 02/24/2021 (GMT)
- 421
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Additional analysis
Quotes
The ALGORAND - ALGO/USD price is 1.09 USD. The price has increased by +9.00% since the last closing and was traded between 0.96 USD and 1.18 USD over the period. The price is currently at +13.54% from its lowest and -7.63% from its highest.A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USD:
Technical
Technical analysis of ALGORAND - ALGO/USD in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.84 | 0.89 | 1.08 | 1.09 | 1.31 | 1.45 | 1.50 |
| Change (%) | -22.94% | -18.35% | -0.92% | - | +20.18% | +33.03% | +37.61% |
| Change | -0.25 | -0.20 | -0.01 | - | +0.22 | +0.36 | +0.41 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.54 | 0.69 | 0.85 | 1.00 | 1.16 | 1.30 | 1.46 |
| Camarilla | 0.92 | 0.95 | 0.98 | 1.01 | 1.03 | 1.06 | 1.09 |
| Woodie | 0.55 | 0.69 | 0.85 | 1.00 | 1.16 | 1.31 | 1.46 |
| Fibonacci | 0.69 | 0.81 | 0.88 | 1.00 | 1.12 | 1.19 | 1.30 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.64 | 0.92 | 1.12 | 1.40 | 1.60 | 1.88 | 2.08 |
| Camarilla | 1.19 | 1.23 | 1.27 | 1.32 | 1.36 | 1.41 | 1.45 |
| Woodie | 0.60 | 0.90 | 1.08 | 1.38 | 1.56 | 1.86 | 2.04 |
| Fibonacci | 0.92 | 1.10 | 1.22 | 1.40 | 1.58 | 1.70 | 1.88 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05 | 0.19 | 0.42 | 0.56 | 0.79 | 0.94 | 1.17 |
| Camarilla | 0.55 | 0.59 | 0.62 | 0.65 | 0.69 | 0.72 | 0.76 |
| Woodie | 0.10 | 0.21 | 0.47 | 0.59 | 0.84 | 0.96 | 1.21 |
| Fibonacci | 0.19 | 0.33 | 0.42 | 0.56 | 0.71 | 0.79 | 0.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 51.34 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -3.11 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.18 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 0.99 | |
| Zig ZAG (10): | 1.06 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 29.94 | |
| TEMA (21): | 1.11 | |
| Williams %R (14): | -95.77 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -5.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 13.26 |
| MA7: | 1.22 | |
| MA20: | 1.22 | |
| MA50: | 0.81 | |
| MA100: | 0.57 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.07 | |
| MAexp50: | 1.09 | |
| MAexp100: | 1.15 | |
| Price / MA7: | -10.66% | |
| Price / MA20: | -10.66% | |
| Price / MA50: | +34.57% | |
| Price / MA100: | +91.23% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -5.22% |
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