ALGORAND - ALGO/USD
85.42
USD
(-2.32%)
03/29/2025 - 21:25
Open Real time data - CoinMarketCap
| Open: | 87.45 |
| Change: | -2.03 |
| Volume: | 0 |
| Low: | 84.51 |
| High: | 87.96 |
| High / Low range: | 3.45 |
| Type: | Cryptocurrencies |
| Ticker: | ALGOUSD |
| ISIN: |
ALGORAND - ALGO/USD - Daily - Technical analysis published on 10/01/2022 (GMT)
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- 10/01/2022 - 12:16
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- Timeframe : Daily
- - Analysis generated on 10/01/2022 - 12:16
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.346667 USD
My targets
0.370588 USD (+2.94%)
0.476667 USD (+32.41%)
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 0.346667 USD, a purchase could be considered. The first bullish objective is located at 0.370588 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.476667 USD as an objective. Crossing it would then enable buyers to target 0.570000 USD. In the event of a return below 0.346667 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
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 Nhanna0513. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USD price is 0.360000 USD. The price has increased by +2.86% since the last closing and was traded between 0.350000 USD and 0.370000 USD over the period. The price is currently at +2.86% from its lowest and -2.70% from its highest.0.350000
0.370000
0.360000
Here is a more detailed summary of the historical variations registered by ALGORAND - ALGO/USD:
Technical
A technical analysis in Daily of this ALGORAND - ALGO/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.283000 | 0.360000 | 0.370588 | 0.570000 | 0.679857 |
| Change (%) | -21.39% | - | +2.94% | +58.33% | +88.85% |
| Change | -0.077000 | - | +0.010588 | +0.210000 | +0.319857 |
| Level | Major | - | Intermediate | Minor | Minor |
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 | 0.323333 | 0.336667 | 0.343333 | 0.356667 | 0.363333 | 0.376667 | 0.383333 |
| Camarilla | 0.344500 | 0.346333 | 0.348167 | 0.350000 | 0.351833 | 0.353667 | 0.355500 |
| Woodie | 0.320000 | 0.335000 | 0.340000 | 0.355000 | 0.360000 | 0.375000 | 0.380000 |
| Fibonacci | 0.336667 | 0.344307 | 0.349027 | 0.356667 | 0.364307 | 0.369027 | 0.376667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.196667 | 0.243333 | 0.316667 | 0.363333 | 0.436667 | 0.483333 | 0.556667 |
| Camarilla | 0.357000 | 0.368000 | 0.379000 | 0.390000 | 0.401000 | 0.412000 | 0.423000 |
| Woodie | 0.210000 | 0.250000 | 0.330000 | 0.370000 | 0.450000 | 0.490000 | 0.570000 |
| Fibonacci | 0.243333 | 0.289173 | 0.317493 | 0.363333 | 0.409173 | 0.437493 | 0.483333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.153333 | 0.216667 | 0.283333 | 0.346667 | 0.413333 | 0.476667 | 0.543333 |
| Camarilla | 0.314250 | 0.326167 | 0.338083 | 0.350000 | 0.361917 | 0.373833 | 0.385750 |
| Woodie | 0.155000 | 0.217500 | 0.285000 | 0.347500 | 0.415000 | 0.477500 | 0.545000 |
| Fibonacci | 0.216667 | 0.266327 | 0.297007 | 0.346667 | 0.396327 | 0.427007 | 0.476667 |
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): | 57.21 | |
| MACD (12,26,9): | 0.0126 | |
| Directional Movement: | 5.324702 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.360927 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.405295 | |
| Elder Ray (13): | 0.008050 | |
| Super Trend (3,10): | 0.311420 | |
| Zig ZAG (10): | 0.360000 | |
| VORTEX (21): | 1.0556 | |
| Stochastique (14,3,5): | 52.78 | |
| TEMA (21): | 0.369678 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.040000 | |
| Repulse (5,40,3): | -0.6422 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5935 | |
| Courbe Coppock: | 34.92 |
| MA7: | 0.360000 | |
| MA20: | 0.339000 | |
| MA50: | 0.322400 | |
| MA100: | 0.327300 | |
| MAexp7: | 0.356678 | |
| MAexp20: | 0.344903 | |
| MAexp50: | 0.333914 | |
| MAexp100: | 0.359104 | |
| Price / MA7: | -0% | |
| Price / MA20: | +6.19% | |
| Price / MA50: | +11.66% | |
| Price / MA100: | +9.99% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +4.38% | |
| Price / MAexp50: | +7.81% | |
| Price / MAexp100: | +0.25% |
Quotes :
10/01/2022 - 12:16
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Real time data
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Cryptocompare
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