ALGORAND - ALGO/USDT - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 0.178136 USDT
My targets
0.159074 USDT (-6.53%)
0.147097 USDT (-13.56%)
My analysis
The bearish trend is currently very strong for ALGORAND - ALGO/USDT. As long as the price remains below the resistance at 0.178136 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.159074 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.147097 USDT as an objective. Crossing it would then enable sellers to target 0.123405 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGORAND - ALGO/USDT price is 0.170180 USDT. On the day, this instrument lost -0.07% and was between 0.166931 USDT and 0.174298 USDT. This implies that the price is at +1.95% from its lowest and at -2.36% from its highest.0.166931
0.174298
0.170180
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
A technical analysis in 1H of this ALGORAND - ALGO/USDT chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.123405 | 0.147097 | 0.159074 | 0.170180 | 0.178136 | 0.187982 | 0.202970 |
| Change (%) | -27.49% | -13.56% | -6.53% | - | +4.68% | +10.46% | +19.27% |
| Change | -0.046775 | -0.023083 | -0.011106 | - | +0.007956 | +0.017802 | +0.032790 |
| Level | Minor | Minor | Major | - | Minor | 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 | 0.136686 | 0.150481 | 0.160392 | 0.174187 | 0.184098 | 0.197893 | 0.207804 |
| Camarilla | 0.163784 | 0.165957 | 0.168130 | 0.170303 | 0.172476 | 0.174649 | 0.176822 |
| Woodie | 0.134744 | 0.149510 | 0.158450 | 0.173216 | 0.182156 | 0.196922 | 0.205862 |
| Fibonacci | 0.150481 | 0.159537 | 0.165131 | 0.174187 | 0.183243 | 0.188837 | 0.197893 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026326 | 0.086711 | 0.127263 | 0.187648 | 0.228200 | 0.288585 | 0.329137 |
| Camarilla | 0.140056 | 0.149309 | 0.158561 | 0.167814 | 0.177067 | 0.186319 | 0.195572 |
| Woodie | 0.016409 | 0.081753 | 0.117346 | 0.182690 | 0.218283 | 0.283627 | 0.319220 |
| Fibonacci | 0.086711 | 0.125269 | 0.149090 | 0.187648 | 0.226206 | 0.250027 | 0.288585 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.090671 | 0.150859 | 0.209409 | 0.269597 | 0.328147 | 0.388335 | 0.446885 |
| Camarilla | 0.235305 | 0.246189 | 0.257074 | 0.267958 | 0.278842 | 0.289727 | 0.300611 |
| Woodie | 0.089851 | 0.150450 | 0.208589 | 0.269188 | 0.327327 | 0.387926 | 0.446065 |
| Fibonacci | 0.150859 | 0.196217 | 0.224239 | 0.269597 | 0.314955 | 0.342977 | 0.388335 |
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): | 45.21 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -9.093346 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.171207 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.164673 | |
| Elder Ray (13): | -0.000129 | |
| Super Trend (3,10): | 0.182593 | |
| Zig ZAG (10): | 0.170952 | |
| VORTEX (21): | 0.9229 | |
| Stochastique (14,3,5): | 31.56 | |
| TEMA (21): | 0.169843 | |
| Williams %R (14): | -70.50 | |
| Chande Momentum Oscillator (20): | -0.007581 | |
| Repulse (5,40,3): | -0.9909 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1186 | |
| Courbe Coppock: | 13.06 |
| MA7: | 0.191261 | |
| MA20: | 0.227067 | |
| MA50: | 0.246996 | |
| MA100: | 0.213239 | |
| MAexp7: | 0.170826 | |
| MAexp20: | 0.173615 | |
| MAexp50: | 0.177366 | |
| MAexp100: | 0.186820 | |
| Price / MA7: | -11.02% | |
| Price / MA20: | -25.05% | |
| Price / MA50: | -31.10% | |
| Price / MA100: | -20.19% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -1.98% | |
| Price / MAexp50: | -4.05% | |
| Price / MAexp100: | -8.91% |
Quotes :
-
Real time data
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Cryptocompare
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