ALGORAND - ALGO/USD - 15 min. - Technical analysis published on 05/14/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.34 USD
My targets
1.46 USD (+3.33%)
1.56 USD (+10.85%)
My analysis
The bullish trend is currently very strong on ALGORAND - ALGO/USD. As long as the price remains above the support at 1.34 USD, you could try to benefit from the boom. The first bullish objective is located at 1.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.56 USD as an objective. Crossing it would then enable buyers to target 1.68 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by imorton777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALGORAND - ALGO/USD rating 1.41 USD. The price registered an increase of +4.44% on the session and was traded between 1.33 USD and 1.41 USD over the period. The price is currently at +6.02% from its lowest and 0% from its highest.1.33
1.41
1.41
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of ALGORAND - ALGO/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
Horizontal support is broken
Type : Bearish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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 | 1.32 | 1.36 | 1.40 | 1.41 | 1.50 | 1.58 | 1.62 |
| Change (%) | -6.38% | -3.55% | -0.71% | - | +6.38% | +12.06% | +14.89% |
| Change | -0.09 | -0.05 | -0.01 | - | +0.09 | +0.17 | +0.21 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.02 | 1.12 | 1.24 | 1.34 | 1.46 | 1.56 | 1.68 |
| Camarilla | 1.29 | 1.31 | 1.33 | 1.35 | 1.37 | 1.39 | 1.41 |
| Woodie | 1.02 | 1.13 | 1.24 | 1.35 | 1.46 | 1.57 | 1.68 |
| Fibonacci | 1.12 | 1.21 | 1.26 | 1.34 | 1.43 | 1.48 | 1.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.86 | 1.06 | 1.29 | 1.49 | 1.72 | 1.92 | 2.15 |
| Camarilla | 1.40 | 1.44 | 1.48 | 1.52 | 1.56 | 1.60 | 1.64 |
| Woodie | 0.88 | 1.07 | 1.31 | 1.50 | 1.74 | 1.93 | 2.17 |
| Fibonacci | 1.06 | 1.22 | 1.33 | 1.49 | 1.65 | 1.76 | 1.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.08 | 0.51 | 0.95 | 1.38 | 1.82 | 2.25 | 2.69 |
| Camarilla | 1.16 | 1.24 | 1.32 | 1.40 | 1.48 | 1.56 | 1.64 |
| Woodie | 0.10 | 0.51 | 0.97 | 1.38 | 1.84 | 2.25 | 2.71 |
| Fibonacci | 0.51 | 0.84 | 1.04 | 1.38 | 1.71 | 1.91 | 2.25 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.73 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 16.62 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.37 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.37 | |
| Zig ZAG (10): | 1.40 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 88.72 | |
| TEMA (21): | 1.39 | |
| Williams %R (14): | -5.41 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.50 |
| MA7: | 1.41 | |
| MA20: | 1.38 | |
| MA50: | 1.36 | |
| MA100: | 1.26 | |
| MAexp7: | 1.39 | |
| MAexp20: | 1.37 | |
| MAexp50: | 1.36 | |
| MAexp100: | 1.36 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.17% | |
| Price / MA50: | +3.68% | |
| Price / MA100: | +11.90% | |
| Price / MAexp7: | +1.44% | |
| Price / MAexp20: | +2.92% | |
| Price / MAexp50: | +3.68% | |
| Price / MAexp100: | +3.68% |
Quotes :
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Real time data
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