ALGORAND - ALGO/USD - 1H - Technical analysis published on 01/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.890000 USD
My targets
1.010000 USD (+6.32%)
1.090000 USD (+14.74%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on ALGORAND - ALGO/USD. This is a positive signal for buyers. As long as the price remains above 0.890000 USD, a purchase could be considered. The first bullish objective is located at 1.010000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.090000 USD as an objective. Crossing it would then enable buyers to target 1.230000 USD. In the event of a return below 0.890000 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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/USD rating 0.950000 USD. The price has increased by +3.26% since the last closing and was between 0.910000 USD and 0.950000 USD. This implies that the price is at +4.40% from its lowest and at 0% from its highest.0.910000
0.950000
0.950000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of ALGORAND - ALGO/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.680000 | 0.820000 | 0.890000 | 0.950000 | 1.010000 | 1.090000 | 1.230000 |
| Change (%) | -28.42% | -13.68% | -6.32% | - | +6.32% | +14.74% | +29.47% |
| Change | -0.270000 | -0.130000 | -0.060000 | - | +0.060000 | +0.140000 | +0.280000 |
| Level | Major | Minor | Major | - | 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 | 0.796667 | 0.833333 | 0.876667 | 0.913333 | 0.956667 | 0.993333 | 1.036667 |
| Camarilla | 0.898000 | 0.905333 | 0.912667 | 0.920000 | 0.927333 | 0.934667 | 0.942000 |
| Woodie | 0.800000 | 0.835000 | 0.880000 | 0.915000 | 0.960000 | 0.995000 | 1.040000 |
| Fibonacci | 0.833333 | 0.863893 | 0.882773 | 0.913333 | 0.943893 | 0.962773 | 0.993333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033333 | 0.416667 | 0.683333 | 1.066667 | 1.333333 | 1.716667 | 1.983333 |
| Camarilla | 0.771250 | 0.830833 | 0.890417 | 0.950000 | 1.009583 | 1.069167 | 1.128750 |
| Woodie | -0.025000 | 0.387500 | 0.625000 | 1.037500 | 1.275000 | 1.687500 | 1.925000 |
| Fibonacci | 0.416667 | 0.664967 | 0.818367 | 1.066667 | 1.314967 | 1.468367 | 1.716667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.833333 | 1.046667 | 1.353333 | 1.566667 | 1.873333 | 2.086667 | 2.393333 |
| Camarilla | 1.517000 | 1.564667 | 1.612333 | 1.660000 | 1.707667 | 1.755333 | 1.803000 |
| Woodie | 0.880000 | 1.070000 | 1.400000 | 1.590000 | 1.920000 | 2.110000 | 2.440000 |
| Fibonacci | 1.046667 | 1.245307 | 1.368027 | 1.566667 | 1.765307 | 1.888027 | 2.086667 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.85 | |
| MACD (12,26,9): | 0.0103 | |
| Directional Movement: | 13.929308 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.942628 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.913627 | |
| Elder Ray (13): | 0.009577 | |
| Super Trend (3,10): | 0.902886 | |
| Zig ZAG (10): | 0.940000 | |
| VORTEX (21): | 1.1471 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 0.951861 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.030000 | |
| Repulse (5,40,3): | 1.8640 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1550 | |
| Courbe Coppock: | 6.01 |
| MA7: | 0.987143 | |
| MA20: | 1.245500 | |
| MA50: | 1.412800 | |
| MA100: | 1.628700 | |
| MAexp7: | 0.943374 | |
| MAexp20: | 0.929696 | |
| MAexp50: | 0.922753 | |
| MAexp100: | 0.954226 | |
| Price / MA7: | -3.76% | |
| Price / MA20: | -23.73% | |
| Price / MA50: | -32.76% | |
| Price / MA100: | -41.67% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +2.18% | |
| Price / MAexp50: | +2.95% | |
| Price / MAexp100: | -0.44% |
Quotes :
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Real time data
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Cryptocompare
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