ALGORAND - ALGO/USD - 15 min. - Technical analysis published on 05/15/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 1.38 USD and 1.43 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on ALGORAND - ALGO/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 1.38 USD. The first resistance is located at 1.43 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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. On the day, this instrument lost -4.73% and was traded between 1.38 USD and 1.49 USD over the period. The price is currently at +2.17% from its lowest and -5.37% from its highest.1.38
1.49
1.41
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of ALGORAND - ALGO/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. 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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.28 | 1.32 | 1.40 | 1.41 | 1.50 | 1.58 | 1.62 |
| Change (%) | -9.22% | -6.38% | -0.71% | - | +6.38% | +12.06% | +14.89% |
| Change | -0.13 | -0.09 | -0.01 | - | +0.09 | +0.17 | +0.21 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.22 | 1.27 | 1.38 | 1.43 | 1.54 | 1.59 | 1.70 |
| Camarilla | 1.44 | 1.45 | 1.47 | 1.48 | 1.50 | 1.51 | 1.52 |
| Woodie | 1.24 | 1.29 | 1.40 | 1.45 | 1.56 | 1.61 | 1.72 |
| Fibonacci | 1.27 | 1.33 | 1.37 | 1.43 | 1.49 | 1.53 | 1.59 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.52 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -7.57 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.38 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.43 | |
| Zig ZAG (10): | 1.41 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 85.93 | |
| TEMA (21): | 1.40 | |
| Williams %R (14): | -15.56 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 1.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.96 |
| MA7: | 1.41 | |
| MA20: | 1.40 | |
| MA50: | 1.37 | |
| MA100: | 1.26 | |
| MAexp7: | 1.41 | |
| MAexp20: | 1.41 | |
| MAexp50: | 1.42 | |
| MAexp100: | 1.42 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +2.92% | |
| Price / MA100: | +11.90% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -0.70% |
Quotes :
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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.
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