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

ALGORAND - ALGO/USDT - 15 min. - Technical analysis published on 08/31/2020 (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
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.526200 USDT
My targets
0.502500 USDT (-1.78%)
0.487100 USDT (-4.79%)
My analysis
The bearish basic trend is very strong on ALGORAND - ALGO/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.526200 USDT. Crossing the first support at 0.502500 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.487100 USDT as an objective. Crossing it would then enable sellers to target 0.463400 USDT. Caution, a return to above the resistance located at 0.526200 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5

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.

Crypler
This analysis was given by Crypler. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The ALGORAND - ALGO/USDT rating is 0.511600 USDT. On the day, this instrument lost -1.22% and was between 0.508900 USDT and 0.526300 USDT. This implies that the price is at +0.53% from its lowest and at -2.79% from its highest.

0.508900
0.526300
0.511600

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USDT:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 15 min. chart of ALGORAND - ALGO/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.229407 0.389543 0.494600 0.511600 0.511800 0.530550 0.562089
Change (%) -55.16% -23.86% -3.32% - +0.04% +3.70% +9.87%
Change -0.282193 -0.122057 -0.017000 - +0.000200 +0.018950 +0.050489
Level Major Intermediate Intermediate - Intermediate Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.4634000.4871000.5025000.5262000.5416000.5653000.580700
Camarilla0.5071480.5107320.5143160.5179000.5214840.5250680.528653
Woodie0.4592500.4850250.4983500.5241250.5374500.5632250.576550
Fibonacci0.4871000.5020360.5112640.5262000.5411360.5503640.565300


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2908670.3914330.4626670.5632330.6344670.7350330.806267
Camarilla0.4866550.5024030.5181520.5339000.5496480.5653970.581145
Woodie0.2762000.3841000.4480000.5559000.6198000.7277000.791600
Fibonacci0.3914330.4570610.4976060.5632330.6288610.6694060.735033


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0243330.1131670.2201330.3089670.4159330.5047670.611733
Camarilla0.2732550.2912030.3091520.3271000.3450480.3629970.380945
Woodie0.0334000.1177000.2292000.3135000.4250000.5093000.620800
Fibonacci0.1131670.1879620.2341710.3089670.3837620.4299710.504767

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): 50.18
MACD (12,26,9): -0.0008
Directional Movement: -0.048917
AROON (14): 92.857143
DEMA (21): 0.512830
Parabolic SAR (0,02-0,02-0,2): 0.518052
Elder Ray (13): -0.000021
Super Trend (3,10): 0.520912
Zig ZAG (10): 0.511800
VORTEX (21): 0.8708
Stochastique (14,3,5): 70.01
TEMA (21): 0.512929
Williams %R (14): -71.88
Chande Momentum Oscillator (20): -0.001300
Repulse (5,40,3): -0.2008
ROCnROLL: 2
TRIX (15,9): -0.0369
Courbe Coppock: 0.30
MA7: 0.532971
MA20: 0.576875
MA50: 0.437100
MA100: 0.334457
MAexp7: 0.513053
MAexp20: 0.514753
MAexp50: 0.516602
MAexp100: 0.519316
Price / MA7: -4.01%
Price / MA20: -11.32%
Price / MA50: +17.04%
Price / MA100: +52.96%
Price / MAexp7: -0.28%
Price / MAexp20: -0.61%
Price / MAexp50: -0.97%
Price / MAexp100: -1.49%

Quotes : 2020-08-31 20:48:17 - Real time data - Cryptocompare

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

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