website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Algorand technical chart
Symbol ALGOUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.71 to 0.68). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.71)
    • Resistance on 08/14/2020
    • Resistance on 08/15/2020
    • Resistance on 01/30/2021
    • Resistance on 01/31/2021
    • Support on 05/23/2021
    • Support on 06/22/2021
    • Support on 06/23/2021
  • Ending of entry zone (0.68)
    • Support on 05/23/2021
    • Support on 06/22/2021
    • Support on 07/20/2021
    • Support on 07/21/2021

DateJuly 22, 2021 - 12:28
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.3915, beginning of uptrend is expected.
  • We make sure when the resistance at 1.0645 breaks.
  • If the support at 0.3915 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.94 on 07/07/2021, so more losses to support(s) 0.71, 0.68, 0.50 and minimum to Major Support (0.39) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Take Profits:

  1. 0.83
  2. 0.92
  3. 1.06
  4. 1.20
  5. 1.31
  6. 1.50
  7. 1.84
Click on the level to view price action history.

Symbol Released Current Forecast
Algorand (ALGOUSD) Sun, 24 Mar 2024
Algorand (ALGOUSD) Sun, 17 Mar 2024
Algorand (ALGOUSD) Sun, 10 Mar 2024
Algorand (ALGOUSD) Sun, 3 Mar 2024
Algorand (ALGOUSD) Sat, 24 Feb 2024