ALGORAND - ALGO/USD - 1H - Technical analysis published on 11/04/2021 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Neutral between 1.84 USD and 1.92 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.84 USD. The first resistance is located at 1.92 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by ALGORAND - ALGO/USD.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USD rating is 1.88 USD. The price registered a decrease of -2.59% on the session with the lowest point at 1.87 USD and the highest point at 1.96 USD. The deviation from the price is +0.53% for the low point and -4.08% for the high point.1.87
1.96
1.88
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ALGORAND - ALGO/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.72 | 1.78 | 1.84 | 1.88 | 1.92 | 1.99 | 2.05 |
| Change (%) | -8.51% | -5.32% | -2.13% | - | +2.13% | +5.85% | +9.04% |
| Change | -0.16 | -0.10 | -0.04 | - | +0.04 | +0.11 | +0.17 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 1.67 | 1.74 | 1.84 | 1.91 | 2.01 | 2.08 | 2.18 |
| Camarilla | 1.88 | 1.90 | 1.91 | 1.93 | 1.95 | 1.96 | 1.98 |
| Woodie | 1.68 | 1.75 | 1.85 | 1.92 | 2.02 | 2.09 | 2.19 |
| Fibonacci | 1.74 | 1.81 | 1.85 | 1.91 | 1.98 | 2.02 | 2.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.25 | 1.47 | 1.65 | 1.87 | 2.05 | 2.27 | 2.45 |
| Camarilla | 1.71 | 1.75 | 1.78 | 1.82 | 1.86 | 1.89 | 1.93 |
| Woodie | 1.22 | 1.46 | 1.62 | 1.86 | 2.02 | 2.26 | 2.42 |
| Fibonacci | 1.47 | 1.63 | 1.72 | 1.87 | 2.03 | 2.12 | 2.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.09 | 1.34 | 1.59 | 1.84 | 2.09 | 2.34 | 2.59 |
| Camarilla | 1.69 | 1.74 | 1.78 | 1.83 | 1.88 | 1.92 | 1.97 |
| Woodie | 1.08 | 1.34 | 1.58 | 1.84 | 2.08 | 2.34 | 2.58 |
| Fibonacci | 1.34 | 1.53 | 1.65 | 1.84 | 2.03 | 2.15 | 2.34 |
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): | 44.22 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 12.85 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 1.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.98 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 1.86 | |
| Zig ZAG (10): | 1.88 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 18.52 | |
| TEMA (21): | 1.91 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -1.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.63 |
| MA7: | 1.86 | |
| MA20: | 1.85 | |
| MA50: | 1.83 | |
| MA100: | 1.50 | |
| MAexp7: | 1.90 | |
| MAexp20: | 1.90 | |
| MAexp50: | 1.89 | |
| MAexp100: | 1.87 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +2.73% | |
| Price / MA100: | +25.33% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | +0.53% |
Quotes :
-
Real time data
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