ALGORAND - ALGO/USDT - 1H - Technical analysis published on 07/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 0.366000 USDT
My targets
0.390150 USDT (+4.63%)
0.406933 USDT (+9.13%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALGORAND - ALGO/USDT as long as the price remains well above 0.366000 USDT. The buyers” bullish objective is set at 0.390150 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.406933 USDT. If there is any crossing, the next objective would be the resistance located at 0.494600 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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This analysis was given by aa90805. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALGORAND - ALGO/USDT rating 0.372900 USDT. The price registered a decrease of -4.02% on the session and was between 0.367600 USDT and 0.395300 USDT. This implies that the price is at +1.44% from its lowest and at -5.67% from its highest.0.367600
0.395300
0.372900
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ALGORAND - ALGO/USDT indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.305500 | 0.330500 | 0.366000 | 0.372900 | 0.390150 | 0.494600 |
| Change (%) | -18.07% | -11.37% | -1.85% | - | +4.63% | +32.64% |
| Change | -0.067400 | -0.042400 | -0.006900 | - | +0.017250 | +0.121700 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate |
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 | 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): | 47.54 | |
| MACD (12,26,9): | 0.0037 | |
| Directional Movement: | 3.595406 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.378483 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.395140 | |
| Elder Ray (13): | -0.006173 | |
| Super Trend (3,10): | 0.360998 | |
| Zig ZAG (10): | 0.370800 | |
| VORTEX (21): | 1.1251 | |
| Stochastique (14,3,5): | 15.28 | |
| TEMA (21): | 0.378351 | |
| Williams %R (14): | -72.64 | |
| Chande Momentum Oscillator (20): | -0.006400 | |
| Repulse (5,40,3): | -0.5125 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2536 | |
| Courbe Coppock: | 0.73 |
| MA7: | 0.339657 | |
| MA20: | 0.273460 | |
| MA50: | 0.249284 | |
| MA100: | 0.226055 | |
| MAexp7: | 0.374282 | |
| MAexp20: | 0.372828 | |
| MAexp50: | 0.362186 | |
| MAexp100: | 0.346238 | |
| Price / MA7: | +9.79% | |
| Price / MA20: | +36.36% | |
| Price / MA50: | +49.59% | |
| Price / MA100: | +64.96% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +2.96% | |
| Price / MAexp100: | +7.70% |
Quotes :
2020-07-20 14:22:00
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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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