ALGORAND - ALGO/USDT

- USDT (-)

- Real time data - CoinMarketCap

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ALGOUSDT
ISIN:

ALGORAND - ALGO/USDT - Daily - Technical analysis published on 09/12/2021 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.75 USDT

My targets

My analysis

The bullish trend is currently very strong on ALGORAND - ALGO/USDT. As long as the price remains above the support at 1.75 USDT, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

Comment on the analysis

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.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ALGORAND - ALGO/USDT rating 2.17 USDT. The price has increased by +9.05% since the last closing and was between 1.91 USDT and 2.22 USDT. This implies that the price is at +13.61% from its lowest and at -2.25% from its highest.

1.91

2.22

2.17

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USDT:

Abnormal volumes on ALGORAND - ALGO/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this ALGORAND - ALGO/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1.09	1.28	1.72	2.17
Change (%)	-49.77%	-41.01%	-20.74%	-
Change	-1.08	-0.89	-0.45	-
Level	Major	Minor	Major	-

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	1.56	1.76	1.88	2.08	2.20	2.40	2.52
Camarilla	1.90	1.93	1.96	1.99	2.02	2.05	2.08
Woodie	1.51	1.74	1.83	2.06	2.15	2.38	2.47
Fibonacci	1.76	1.89	1.96	2.08	2.21	2.28	2.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.11	0.50	1.25	1.86	2.61	3.22	3.97
Camarilla	1.62	1.74	1.87	1.99	2.12	2.24	2.36
Woodie	-0.05	0.54	1.31	1.90	2.67	3.26	4.03
Fibonacci	0.50	1.02	1.34	1.86	2.38	2.70	3.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.40	0.60	0.85	1.05	1.30	1.50	1.75
Camarilla	0.99	1.03	1.07	1.11	1.15	1.19	1.23
Woodie	0.44	0.61	0.89	1.06	1.34	1.51	1.79
Fibonacci	0.60	0.77	0.88	1.05	1.22	1.33	1.50

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):	71.19
MACD (12,26,9):	0.2800
Directional Movement:	23.34
AROON (14):	71.43
DEMA (21):	1.83
Parabolic SAR (0,02-0,02-0,2):	1.60
Elder Ray (13):	0.40
Super Trend (3,10):	1.49
Zig ZAG (10):	2.12
VORTEX (21):	1.1700
Stochastique (14,3,5):	70.57
TEMA (21):	2.02
Williams %R (14):	-24.48
Chande Momentum Oscillator (20):	1.00
Repulse (5,40,3):	4.5500
ROCnROLL:	1
TRIX (15,9):	2.4000
Courbe Coppock:	153.67

MA7:	1.87
MA20:	1.37
MA50:	1.10
MA100:	0.99
MAexp7:	1.89
MAexp20:	1.51
MAexp50:	1.22
MAexp100:	1.10
Price / MA7:	+16.04%
Price / MA20:	+58.39%
Price / MA50:	+97.27%
Price / MA100:	+119.19%
Price / MAexp7:	+14.81%
Price / MAexp20:	+43.71%
Price / MAexp50:	+77.87%
Price / MAexp100:	+97.27%

Quotes : - Real time data - Cryptocompare

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

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