ALGORAND - ALGO/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Neutral between 0.253933 USDT and 0.321967 USDT
My targets
-
My analysis
There is no basic trend on ALGORAND - ALGO/USDT and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 0.321967 USDT. The nearest support is located at 0.253933 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALGORAND - ALGO/USDT rating 0.287900 USDT. The price has increased by +5.04% since the last closing with the lowest point at 0.270200 USDT and the highest point at 0.290300 USDT. The deviation from the price is +6.55% for the low point and -0.83% for the high point.0.270200
0.290300
0.287900
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ALGORAND - ALGO/USDT in Daily shows a neutral overall trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.200733 | 0.286520 | 0.287900 | 0.561200 | 0.647700 | 0.818600 |
| Change (%) | -30.28% | -0.48% | - | +94.93% | +124.97% | +184.33% |
| Change | -0.087167 | -0.001380 | - | +0.273300 | +0.359800 | +0.530700 |
| Level | Major | Minor | - | Minor | Minor | Major |
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 | 0.236433 | 0.248167 | 0.261133 | 0.272867 | 0.285833 | 0.297567 | 0.310533 |
| Camarilla | 0.267308 | 0.269572 | 0.271836 | 0.274100 | 0.276364 | 0.278628 | 0.280893 |
| Woodie | 0.237050 | 0.248475 | 0.261750 | 0.273175 | 0.286450 | 0.297875 | 0.311150 |
| Fibonacci | 0.248167 | 0.257602 | 0.263431 | 0.272867 | 0.282302 | 0.288131 | 0.297567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070967 | 0.128433 | 0.196467 | 0.253933 | 0.321967 | 0.379433 | 0.447467 |
| Camarilla | 0.229988 | 0.241492 | 0.252996 | 0.264500 | 0.276004 | 0.287508 | 0.299013 |
| Woodie | 0.076250 | 0.131075 | 0.201750 | 0.256575 | 0.327250 | 0.382075 | 0.452750 |
| Fibonacci | 0.128433 | 0.176374 | 0.205992 | 0.253933 | 0.301874 | 0.331492 | 0.379433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070967 | 0.128433 | 0.196467 | 0.253933 | 0.321967 | 0.379433 | 0.447467 |
| Camarilla | 0.229988 | 0.241492 | 0.252996 | 0.264500 | 0.276004 | 0.287508 | 0.299013 |
| Woodie | 0.076250 | 0.131075 | 0.201750 | 0.256575 | 0.327250 | 0.382075 | 0.452750 |
| Fibonacci | 0.128433 | 0.176374 | 0.205992 | 0.253933 | 0.301874 | 0.331492 | 0.379433 |
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): | 59.55 | |
| MACD (12,26,9): | 0.0051 | |
| Directional Movement: | 9.732035 | |
| AROON (14): | 21.428570 | |
| DEMA (21): | 0.260155 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.197958 | |
| Elder Ray (13): | 0.020433 | |
| Super Trend (3,10): | 0.193514 | |
| Zig ZAG (10): | 0.286400 | |
| VORTEX (21): | 1.0019 | |
| Stochastique (14,3,5): | 70.78 | |
| TEMA (21): | 0.265960 | |
| Williams %R (14): | -20.96 | |
| Chande Momentum Oscillator (20): | 0.037900 | |
| Repulse (5,40,3): | 9.6650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0129 | |
| Courbe Coppock: | 7.64 |
| MA7: | 0.267371 | |
| MA20: | 0.251095 | |
| MA50: | 0.245906 | |
| MA100: | 0.276436 | |
| MAexp7: | 0.266118 | |
| MAexp20: | 0.255426 | |
| MAexp50: | 0.262298 | |
| MAexp100: | 0.335067 | |
| Price / MA7: | +7.68% | |
| Price / MA20: | +14.66% | |
| Price / MA50: | +17.08% | |
| Price / MA100: | +4.15% | |
| Price / MAexp7: | +8.19% | |
| Price / MAexp20: | +12.71% | |
| Price / MAexp50: | +9.76% | |
| Price / MAexp100: | -14.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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