ALGORAND - ALGO/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ALGOUSDT
ISIN:

ALGORAND - ALGO/USDT - Daily - Technical analysis published on 11/19/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 0.309376 USDT

My targets

0.265300 USDT (-12.24%)

0.227583 USDT (-24.72%)

My analysis

The bearish trend is currently very strong for ALGORAND - ALGO/USDT. As long as the price remains below the resistance at 0.309376 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.265300 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.227583 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ALGORAND - ALGO/USDT rating is 0.302300 USDT. The price has increased by +1.38% since the last closing with the lowest point at 0.289200 USDT and the highest point at 0.312100 USDT. The deviation from the price is +4.53% for the low point and -3.14% for the high point.

0.289200

0.312100

0.302300

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of ALGORAND - ALGO/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.227583	0.265300	0.302300	0.309376	0.370250	0.422900
Change (%)	-24.72%	-12.24%	-	+2.34%	+22.48%	+39.89%
Change	-0.074717	-0.037000	-	+0.007076	+0.067950	+0.120600
Level	Intermediate	Intermediate	-	Minor	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	0.245733	0.256467	0.277333	0.288067	0.308933	0.319667	0.340533
Camarilla	0.289510	0.292407	0.295303	0.298200	0.301097	0.303993	0.306890
Woodie	0.250800	0.259000	0.282400	0.290600	0.314000	0.322200	0.345600
Fibonacci	0.256467	0.268538	0.275996	0.288067	0.300138	0.307596	0.319667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.013333	0.135167	0.204433	0.326267	0.395533	0.517367	0.586633
Camarilla	0.221148	0.238665	0.256183	0.273700	0.291218	0.308735	0.326253
Woodie	-0.012950	0.122025	0.178150	0.313125	0.369250	0.504225	0.560350
Fibonacci	0.135167	0.208167	0.253267	0.326267	0.399267	0.444367	0.517367

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.212767	0.250233	0.304567	0.342033	0.396367	0.433833	0.488167
Camarilla	0.333655	0.342070	0.350485	0.358900	0.367315	0.375730	0.384145
Woodie	0.221200	0.254450	0.313000	0.346250	0.404800	0.438050	0.496600
Fibonacci	0.250233	0.285301	0.306966	0.342033	0.377101	0.398766	0.433833

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):	47.15
MACD (12,26,9):	-0.0165
Directional Movement:	-2.814182
AROON (14):	-64.285714
DEMA (21):	0.290764
Parabolic SAR (0,02-0,02-0,2):	0.351061
Elder Ray (13):	0.000621
Super Trend (3,10):	0.374058
Zig ZAG (10):	0.302500
VORTEX (21):	0.9492
Stochastique (14,3,5):	24.64
TEMA (21):	0.276922
Williams %R (14):	-68.60
Chande Momentum Oscillator (20):	-0.115600
Repulse (5,40,3):	9.6126
ROCnROLL:	-1
TRIX (15,9):	-0.4986
Courbe Coppock:	50.92

MA7:	0.278686
MA20:	0.327780
MA50:	0.329446
MA100:	0.326189
MAexp7:	0.290619
MAexp20:	0.309674
MAexp50:	0.323778
MAexp100:	0.340016
Price / MA7:	+8.47%
Price / MA20:	-7.77%
Price / MA50:	-8.24%
Price / MA100:	-7.32%
Price / MAexp7:	+4.02%
Price / MAexp20:	-2.38%
Price / MAexp50:	-6.63%
Price / MAexp100:	-11.09%

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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