ALGORAND - ALGO/USDT - 1H - Technical analysis published on 11/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.298067 USDT
My targets
0.309376 USDT (+2.44%)
0.320300 USDT (+6.06%)
My analysis
The bullish trend is currently very strong on ALGORAND - ALGO/USDT. As long as the price remains above the support at 0.298067 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.309376 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.320300 USDT as an objective. Crossing it would then enable buyers to target 0.328900 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USDT price is 0.302000 USDT. The price registered an increase of +1.27% on the session and was between 0.289200 USDT and 0.312100 USDT. This implies that the price is at +4.43% from its lowest and at -3.24% from its highest.0.289200
0.312100
0.302000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.265300 | 0.279550 | 0.298067 | 0.302000 | 0.309376 | 0.320300 | 0.328900 |
| Change (%) | -12.15% | -7.43% | -1.30% | - | +2.44% | +6.06% | +8.91% |
| Change | -0.036700 | -0.022450 | -0.003933 | - | +0.007376 | +0.018300 | +0.026900 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.245733 | 0.256467 | 0.277333 | 0.288067 | 0.308933 | 0.319667 | 0.340533 |
| Camarilla | 0.289510 | 0.292407 | 0.295303 | 0.298200 | 0.301097 | 0.303993 | 0.306890 |
| Woodie | 0.250800 | 0.259000 | 0.282400 | 0.290600 | 0.314000 | 0.322200 | 0.345600 |
| Fibonacci | 0.256467 | 0.268538 | 0.275996 | 0.288067 | 0.300138 | 0.307596 | 0.319667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013333 | 0.135167 | 0.204433 | 0.326267 | 0.395533 | 0.517367 | 0.586633 |
| Camarilla | 0.221148 | 0.238665 | 0.256183 | 0.273700 | 0.291218 | 0.308735 | 0.326253 |
| Woodie | -0.012950 | 0.122025 | 0.178150 | 0.313125 | 0.369250 | 0.504225 | 0.560350 |
| Fibonacci | 0.135167 | 0.208167 | 0.253267 | 0.326267 | 0.399267 | 0.444367 | 0.517367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.212767 | 0.250233 | 0.304567 | 0.342033 | 0.396367 | 0.433833 | 0.488167 |
| Camarilla | 0.333655 | 0.342070 | 0.350485 | 0.358900 | 0.367315 | 0.375730 | 0.384145 |
| Woodie | 0.221200 | 0.254450 | 0.313000 | 0.346250 | 0.404800 | 0.438050 | 0.496600 |
| Fibonacci | 0.250233 | 0.285301 | 0.306966 | 0.342033 | 0.377101 | 0.398766 | 0.433833 |
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): | 63.76 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 13.347066 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.303694 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.310322 | |
| Elder Ray (13): | 0.003732 | |
| Super Trend (3,10): | 0.289252 | |
| Zig ZAG (10): | 0.302400 | |
| VORTEX (21): | 1.1831 | |
| Stochastique (14,3,5): | 64.31 | |
| TEMA (21): | 0.305547 | |
| Williams %R (14): | -35.54 | |
| Chande Momentum Oscillator (20): | 0.009700 | |
| Repulse (5,40,3): | 1.3718 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3514 | |
| Courbe Coppock: | 9.95 |
| MA7: | 0.278686 | |
| MA20: | 0.327780 | |
| MA50: | 0.329446 | |
| MA100: | 0.326189 | |
| MAexp7: | 0.301074 | |
| MAexp20: | 0.295484 | |
| MAexp50: | 0.286084 | |
| MAexp100: | 0.280800 | |
| Price / MA7: | +8.37% | |
| Price / MA20: | -7.87% | |
| Price / MA50: | -8.33% | |
| Price / MA100: | -7.42% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +2.21% | |
| Price / MAexp50: | +5.56% | |
| Price / MAexp100: | +7.55% |
Quotes :
-
Real time data
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