ALGORAND - ALGO/USDT - 15 min. - Technical analysis published on 04/02/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.930467 USDT
My targets
0.969133 USDT (+0.76%)
0.999467 USDT (+3.92%)
My analysis
The bullish trend is currently very strong on ALGORAND - ALGO/USDT. As long as the price remains above the support at 0.930467 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.969133 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.999467 USDT as an objective. Crossing it would then enable buyers to target 1.038133 USDT. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The ALGORAND - ALGO/USDT price is 0.961800 USDT. The price has increased by +2.45% since the last closing and was between 0.933500 USDT and 0.969000 USDT. This implies that the price is at +3.03% from its lowest and at -0.74% from its highest.0.933500
0.969000
0.961800
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
Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.929733 | 0.949400 | 0.960700 | 0.961800 | 0.973400 | 0.987400 | 1.296000 |
| Change (%) | -3.33% | -1.29% | -0.11% | - | +1.21% | +2.66% | +34.75% |
| Change | -0.032067 | -0.012400 | -0.001100 | - | +0.011600 | +0.025600 | +0.334200 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.831133 | 0.861467 | 0.900133 | 0.930467 | 0.969133 | 0.999467 | 1.038133 |
| Camarilla | 0.919825 | 0.926150 | 0.932475 | 0.938800 | 0.945125 | 0.951450 | 0.957775 |
| Woodie | 0.835300 | 0.863550 | 0.904300 | 0.932550 | 0.973300 | 1.001550 | 1.042300 |
| Fibonacci | 0.861467 | 0.887825 | 0.904109 | 0.930467 | 0.956825 | 0.973109 | 0.999467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.561167 | 0.646033 | 0.778967 | 0.863833 | 0.996767 | 1.081633 | 1.214567 |
| Camarilla | 0.852005 | 0.871970 | 0.891935 | 0.911900 | 0.931865 | 0.951830 | 0.971795 |
| Woodie | 0.585200 | 0.658050 | 0.803000 | 0.875850 | 1.020800 | 1.093650 | 1.238600 |
| Fibonacci | 0.646033 | 0.729233 | 0.780634 | 0.863833 | 0.947033 | 0.998434 | 1.081633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.426767 | 0.550533 | 0.739867 | 0.863633 | 1.052967 | 1.176733 | 1.366067 |
| Camarilla | 0.843098 | 0.871798 | 0.900499 | 0.929200 | 0.957901 | 0.986602 | 1.015303 |
| Woodie | 0.459550 | 0.566925 | 0.772650 | 0.880025 | 1.085750 | 1.193125 | 1.398850 |
| Fibonacci | 0.550533 | 0.670138 | 0.744029 | 0.863633 | 0.983238 | 1.057129 | 1.176733 |
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): | 58.45 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 9.752028 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.965733 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.967767 | |
| Elder Ray (13): | 0.001451 | |
| Super Trend (3,10): | 0.953611 | |
| Zig ZAG (10): | 0.964400 | |
| VORTEX (21): | 1.0269 | |
| Stochastique (14,3,5): | 60.17 | |
| TEMA (21): | 0.965370 | |
| Williams %R (14): | -50.94 | |
| Chande Momentum Oscillator (20): | 0.002300 | |
| Repulse (5,40,3): | 0.0606 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0635 | |
| Courbe Coppock: | 1.04 |
| MA7: | 0.933729 | |
| MA20: | 0.844095 | |
| MA50: | 0.827958 | |
| MA100: | 1.047814 | |
| MAexp7: | 0.963162 | |
| MAexp20: | 0.960884 | |
| MAexp50: | 0.953839 | |
| MAexp100: | 0.946780 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | +13.94% | |
| Price / MA50: | +16.17% | |
| Price / MA100: | -8.21% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.59% |
Quotes :
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Real time data
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Cryptocompare
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