ALGORAND - ALGO/USD - 1H - Technical analysis published on 05/06/2022 (GMT)
- 274
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
56%
0%
44%
My opinion
Neutral between 0.650000 USD and 0.679900 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.679900 USD. The first support is located at 0.650000 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, 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 bullish and could soon allow change to a bullish sentiment.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALGORAND - ALGO/USD rating 0.670000 USD. The price has increased by +6.35% since the last closing with the lowest point at 0.630000 USD and the highest point at 0.690000 USD. The deviation from the price is +6.35% for the low point and -2.90% for the high point.0.630000
0.690000
0.670000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ALGORAND - ALGO/USD chart shows a neutral trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.610000 | 0.630000 | 0.650000 | 0.670000 | 0.679900 | 0.720000 | 0.740000 |
| Change (%) | -8.96% | -5.97% | -2.99% | - | +1.48% | +7.46% | +10.45% |
| Change | -0.060000 | -0.040000 | -0.020000 | - | +0.009900 | +0.050000 | +0.070000 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.463333 | 0.536667 | 0.583333 | 0.656667 | 0.703333 | 0.776667 | 0.823333 |
| Camarilla | 0.597000 | 0.608000 | 0.619000 | 0.630000 | 0.641000 | 0.652000 | 0.663000 |
| Woodie | 0.450000 | 0.530000 | 0.570000 | 0.650000 | 0.690000 | 0.770000 | 0.810000 |
| Fibonacci | 0.536667 | 0.582507 | 0.610827 | 0.656667 | 0.702507 | 0.730827 | 0.776667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.306667 | 0.423333 | 0.496667 | 0.613333 | 0.686667 | 0.803333 | 0.876667 |
| Camarilla | 0.517750 | 0.535167 | 0.552583 | 0.570000 | 0.587417 | 0.604833 | 0.622250 |
| Woodie | 0.285000 | 0.412500 | 0.475000 | 0.602500 | 0.665000 | 0.792500 | 0.855000 |
| Fibonacci | 0.423333 | 0.495913 | 0.540753 | 0.613333 | 0.685913 | 0.730753 | 0.803333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.026667 | 0.256667 | 0.413333 | 0.696667 | 0.853333 | 1.136667 | 1.293333 |
| Camarilla | 0.449000 | 0.489333 | 0.529667 | 0.570000 | 0.610333 | 0.650667 | 0.691000 |
| Woodie | -0.090000 | 0.225000 | 0.350000 | 0.665000 | 0.790000 | 1.105000 | 1.230000 |
| Fibonacci | 0.256667 | 0.424747 | 0.528587 | 0.696667 | 0.864747 | 0.968587 | 1.136667 |
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): | 47.66 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | 6.423851 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.643692 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.629709 | |
| Elder Ray (13): | 0.001308 | |
| Super Trend (3,10): | 0.626768 | |
| Zig ZAG (10): | 0.650000 | |
| VORTEX (21): | 1.0882 | |
| Stochastique (14,3,5): | 47.22 | |
| TEMA (21): | 0.647802 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 3.6005 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1301 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.638571 | |
| MA20: | 0.681500 | |
| MA50: | 0.769200 | |
| MA100: | 0.815400 | |
| MAexp7: | 0.650369 | |
| MAexp20: | 0.650790 | |
| MAexp50: | 0.659290 | |
| MAexp100: | 0.659168 | |
| Price / MA7: | +4.92% | |
| Price / MA20: | -1.69% | |
| Price / MA50: | -12.90% | |
| Price / MA100: | -17.83% | |
| Price / MAexp7: | +3.02% | |
| Price / MAexp20: | +2.95% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +1.64% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ALGORAND - ALGO/USD - 1H