ALGORAND - ALGO/USDT - 1H - Technical analysis published on 09/01/2020 (GMT)
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- Timeframe : 1H
- - 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
22%
56%
22%
My opinion
Bearish under 0.521756 USDT
My targets
0.494600 USDT (-4.55%)
0.462667 USDT (-10.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALGORAND - ALGO/USDT as long as the price remains well below 0.521756 USDT. The next bearish objective for sellers is set at 0.494600 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.462667 USDT. If there is any crossing, the next objective would be the support located at 0.389833 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Crypler. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USDT price is 0.518200 USDT. The price has increased by +3.23% since the last closing and was between 0.493400 USDT and 0.552100 USDT. This implies that the price is at +5.03% from its lowest and at -6.14% from its highest.0.493400
0.552100
0.518200
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ALGORAND - ALGO/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.229407 | 0.389833 | 0.494600 | 0.518200 | 0.521756 | 0.549367 | 0.588600 |
| Change (%) | -55.73% | -24.77% | -4.55% | - | +0.69% | +6.01% | +13.59% |
| Change | -0.288793 | -0.128367 | -0.023600 | - | +0.003556 | +0.031167 | +0.070400 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.469600 | 0.485800 | 0.493900 | 0.510100 | 0.518200 | 0.534400 | 0.542500 |
| Camarilla | 0.495318 | 0.497545 | 0.499773 | 0.502000 | 0.504228 | 0.506455 | 0.508683 |
| Woodie | 0.465550 | 0.483775 | 0.489850 | 0.508075 | 0.514150 | 0.532375 | 0.538450 |
| Fibonacci | 0.485800 | 0.495083 | 0.500817 | 0.510100 | 0.519383 | 0.525117 | 0.534400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.290867 | 0.391433 | 0.462667 | 0.563233 | 0.634467 | 0.735033 | 0.806267 |
| Camarilla | 0.486655 | 0.502403 | 0.518152 | 0.533900 | 0.549648 | 0.565397 | 0.581145 |
| Woodie | 0.276200 | 0.384100 | 0.448000 | 0.555900 | 0.619800 | 0.727700 | 0.791600 |
| Fibonacci | 0.391433 | 0.457061 | 0.497606 | 0.563233 | 0.628861 | 0.669406 | 0.735033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.206233 | 0.038133 | 0.270067 | 0.514433 | 0.746367 | 0.990733 | 1.222667 |
| Camarilla | 0.371018 | 0.414678 | 0.458339 | 0.502000 | 0.545661 | 0.589322 | 0.632983 |
| Woodie | -0.212450 | 0.035025 | 0.263850 | 0.511325 | 0.740150 | 0.987625 | 1.216450 |
| Fibonacci | 0.038133 | 0.220080 | 0.332487 | 0.514433 | 0.696380 | 0.808787 | 0.990733 |
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): | 47.37 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 4.008053 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.520479 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.533606 | |
| Elder Ray (13): | -0.003426 | |
| Super Trend (3,10): | 0.509533 | |
| Zig ZAG (10): | 0.517600 | |
| VORTEX (21): | 1.0831 | |
| Stochastique (14,3,5): | 32.63 | |
| TEMA (21): | 0.520744 | |
| Williams %R (14): | -58.00 | |
| Chande Momentum Oscillator (20): | -0.007800 | |
| Repulse (5,40,3): | -1.0518 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0208 | |
| Courbe Coppock: | 3.53 |
| MA7: | 0.525514 | |
| MA20: | 0.575880 | |
| MA50: | 0.441556 | |
| MA100: | 0.337510 | |
| MAexp7: | 0.519484 | |
| MAexp20: | 0.520496 | |
| MAexp50: | 0.521601 | |
| MAexp100: | 0.526633 | |
| Price / MA7: | -1.39% | |
| Price / MA20: | -10.02% | |
| Price / MA50: | +17.36% | |
| Price / MA100: | +53.54% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -1.60% |
Quotes :
2020-09-01 22:33:23
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Real time data
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