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

ALGORAND - ALGO/USD - 1H - Technical analysis published on 10/25/2021 (GMT)

  • 196
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Neutral
Technical indicators
67%
6%
28%
My opinion
Neutral between 1.82 USD and 1.89 USD
My targets
-
My analysis
There is no clear trend on ALGORAND - ALGO/USD either on the basics or in the short term. Under these conditions, it is difficult to advise a trading direction. Staying away seems to be the best solution. The first resistance is located at 1.89 USD. The first support is located at 1.82 USD.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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.

alphakarl
This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

ALGORAND - ALGO/USD rating 1.85 USD. The price has increased by +1.65% since the last closing and was between 1.81 USD and 1.87 USD. This implies that the price is at +2.21% from its lowest and at -1.07% from its highest.

1.81
1.87
1.85

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

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of ALGORAND - ALGO/USD in 1H shows a neutral overall trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.72 1.77 1.82 1.85 1.89 1.94 1.99
Change (%) -7.03% -4.32% -1.62% - +2.16% +4.86% +7.57%
Change -0.13 -0.08 -0.03 - +0.04 +0.09 +0.14
Level Major Intermediate Minor - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.621.701.761.841.901.982.04
Camarilla1.781.791.811.821.831.851.86
Woodie1.611.701.751.841.891.982.03
Fibonacci1.701.751.791.841.891.931.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.491.581.751.842.012.102.27
Camarilla1.841.861.891.911.931.961.98
Woodie1.521.601.781.862.042.122.30
Fibonacci1.581.681.741.841.942.002.10


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.470.320.971.762.413.203.85
Camarilla1.231.371.501.631.761.892.03
Woodie-0.530.290.911.732.353.173.79
Fibonacci0.320.871.211.762.312.653.20

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): 52.87
MACD (12,26,9): -0.0100
Directional Movement: -7.66
AROON (14): 78.57
DEMA (21): 1.83
Parabolic SAR (0,02-0,02-0,2): 1.79
Elder Ray (13): 0.01
Super Trend (3,10): 1.87
Zig ZAG (10): 1.85
VORTEX (21): 0.9400
Stochastique (14,3,5): 100.00
TEMA (21): 1.83
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.06
Repulse (5,40,3): 0.9900
ROCnROLL: -1
TRIX (15,9): -0.1000
Courbe Coppock: 1.38
MA7: 1.82
MA20: 1.81
MA50: 1.84
MA100: 1.39
MAexp7: 1.84
MAexp20: 1.84
MAexp50: 1.85
MAexp100: 1.84
Price / MA7: +1.65%
Price / MA20: +2.21%
Price / MA50: +0.54%
Price / MA100: +33.09%
Price / MAexp7: +0.54%
Price / MAexp20: +0.54%
Price / MAexp50: -0%
Price / MAexp100: +0.54%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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