ALGORAND - ALGO/USDT - 15 min. - Technical analysis published on 07/20/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.375467 USDT
My targets
0.353133 USDT (-5.40%)
0.330367 USDT (-11.50%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on ALGORAND - ALGO/USDT as long as the price remains well below 0.375467 USDT. The next bearish objective for sellers is set at 0.353133 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.330367 USDT. In case of crossing, the next objective would be the support located at 0.317767 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
The ALGORAND - ALGO/USDT rating is 0.373300 USDT. The price registered a decrease of -3.91% on the session and was between 0.367600 USDT and 0.395300 USDT. This implies that the price is at +1.55% from its lowest and at -5.57% from its highest.0.367600
0.395300
0.373300
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ALGORAND - ALGO/USDT in 15 min. shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.305500 | 0.330500 | 0.366000 | 0.373300 | 0.390150 | 0.494600 |
| Change (%) | -18.16% | -11.47% | -1.96% | - | +4.51% | +32.49% |
| Change | -0.067800 | -0.042800 | -0.007300 | - | +0.016850 | +0.121300 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.295433 | 0.317767 | 0.353133 | 0.375467 | 0.410833 | 0.433167 | 0.468533 |
| Camarilla | 0.372633 | 0.377922 | 0.383211 | 0.388500 | 0.393789 | 0.399078 | 0.404368 |
| Woodie | 0.301950 | 0.321025 | 0.359650 | 0.378725 | 0.417350 | 0.436425 | 0.475050 |
| Fibonacci | 0.317767 | 0.339808 | 0.353425 | 0.375467 | 0.397508 | 0.411125 | 0.433167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.151533 | 0.202667 | 0.279233 | 0.330367 | 0.406933 | 0.458067 | 0.534633 |
| Camarilla | 0.320683 | 0.332388 | 0.344094 | 0.355800 | 0.367506 | 0.379212 | 0.390918 |
| Woodie | 0.164250 | 0.209025 | 0.291950 | 0.336725 | 0.419650 | 0.464425 | 0.547350 |
| Fibonacci | 0.202667 | 0.251448 | 0.281585 | 0.330367 | 0.379148 | 0.409285 | 0.458067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.125933 | 0.161667 | 0.185033 | 0.220767 | 0.244133 | 0.279867 | 0.303233 |
| Camarilla | 0.192148 | 0.197565 | 0.202983 | 0.208400 | 0.213818 | 0.219235 | 0.224653 |
| Woodie | 0.119750 | 0.158575 | 0.178850 | 0.217675 | 0.237950 | 0.276775 | 0.297050 |
| Fibonacci | 0.161667 | 0.184243 | 0.198191 | 0.220767 | 0.243343 | 0.257291 | 0.279867 |
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): | 32.35 | |
| MACD (12,26,9): | -0.0022 | |
| Directional Movement: | -24.203572 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.372996 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.378426 | |
| Elder Ray (13): | -0.006146 | |
| Super Trend (3,10): | 0.377477 | |
| Zig ZAG (10): | 0.370600 | |
| VORTEX (21): | 0.7666 | |
| Stochastique (14,3,5): | 17.67 | |
| TEMA (21): | 0.372300 | |
| Williams %R (14): | -48.25 | |
| Chande Momentum Oscillator (20): | -0.003700 | |
| Repulse (5,40,3): | 0.4319 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0414 | |
| Courbe Coppock: | 2.58 |
| MA7: | 0.339657 | |
| MA20: | 0.273460 | |
| MA50: | 0.249284 | |
| MA100: | 0.226055 | |
| MAexp7: | 0.372803 | |
| MAexp20: | 0.376046 | |
| MAexp50: | 0.376109 | |
| MAexp100: | 0.371320 | |
| Price / MA7: | +9.90% | |
| Price / MA20: | +36.51% | |
| Price / MA50: | +49.75% | |
| Price / MA100: | +65.14% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | +0.53% |
Quotes :
2020-07-20 14:19:10
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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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