ALGORAND - ALGO/USDT - 1H - Technical analysis published on 01/14/2024 (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
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.195231 USDT
My targets
0.186706 USDT (-0.75%)
0.178136 USDT (-5.30%)
My analysis
ALGORAND - ALGO/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.195231 USDT. The next support located at 0.186706 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.178136 USDT. Below this support, sellers could then target 0.163695 USDT.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Andrii. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USDT price is 0.188109 USDT. The price registered a decrease of -0.62% on the session and was between 0.185568 USDT and 0.192885 USDT. This implies that the price is at +1.37% from its lowest and at -2.48% from its highest.0.185568
0.192885
0.188109
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ALGORAND - ALGO/USDT indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.163695 | 0.178136 | 0.188012 | 0.188109 | 0.195231 | 0.202613 | 0.207145 |
| Change (%) | -12.98% | -5.30% | -0.05% | - | +3.79% | +7.71% | +10.12% |
| Change | -0.024414 | -0.009973 | -0.000097 | - | +0.007122 | +0.014504 | +0.019036 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 0.171421 | 0.175950 | 0.182614 | 0.187143 | 0.193807 | 0.198336 | 0.205000 |
| Camarilla | 0.186199 | 0.187225 | 0.188251 | 0.189277 | 0.190303 | 0.191329 | 0.192355 |
| Woodie | 0.172488 | 0.176484 | 0.183681 | 0.187677 | 0.194874 | 0.198870 | 0.206067 |
| Fibonacci | 0.175950 | 0.180226 | 0.182868 | 0.187143 | 0.191419 | 0.194061 | 0.198336 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.122816 | 0.143256 | 0.166266 | 0.186706 | 0.209716 | 0.230156 | 0.253166 |
| Camarilla | 0.177328 | 0.181311 | 0.185294 | 0.189277 | 0.193260 | 0.197243 | 0.201226 |
| Woodie | 0.124102 | 0.143899 | 0.167552 | 0.187349 | 0.211002 | 0.230799 | 0.254452 |
| Fibonacci | 0.143256 | 0.159854 | 0.170108 | 0.186706 | 0.203304 | 0.213558 | 0.230156 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032650 | 0.082781 | 0.152814 | 0.202945 | 0.272978 | 0.323109 | 0.393142 |
| Camarilla | 0.189803 | 0.200818 | 0.211833 | 0.222848 | 0.233863 | 0.244878 | 0.255893 |
| Woodie | 0.042602 | 0.087757 | 0.162766 | 0.207921 | 0.282930 | 0.328085 | 0.403094 |
| Fibonacci | 0.082781 | 0.128683 | 0.157042 | 0.202945 | 0.248847 | 0.277206 | 0.323109 |
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): | 47.87 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -11.049867 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.189324 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.192203 | |
| Elder Ray (13): | -0.000392 | |
| Super Trend (3,10): | 0.193566 | |
| Zig ZAG (10): | 0.188981 | |
| VORTEX (21): | 1.0303 | |
| Stochastique (14,3,5): | 37.98 | |
| TEMA (21): | 0.189441 | |
| Williams %R (14): | -52.52 | |
| Chande Momentum Oscillator (20): | -0.001840 | |
| Repulse (5,40,3): | 0.2096 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0028 | |
| Courbe Coppock: | 0.60 |
| MA7: | 0.192519 | |
| MA20: | 0.207855 | |
| MA50: | 0.192616 | |
| MA100: | 0.153100 | |
| MAexp7: | 0.189165 | |
| MAexp20: | 0.189641 | |
| MAexp50: | 0.190443 | |
| MAexp100: | 0.191381 | |
| Price / MA7: | -2.29% | |
| Price / MA20: | -9.50% | |
| Price / MA50: | -2.34% | |
| Price / MA100: | +22.87% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -1.23% | |
| Price / MAexp100: | -1.71% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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