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Crypto Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

Algorand (CRYPTO:ALGOUSD)

Sidelines Mode (-55) - ALGOUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ALGOUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ALGOUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CRYPTO_ALGOUSD
Open High Low ALGOUSD Price Change
0.3464 0.3551 0.3551 0.3522 +0.0058
Entry Signal

MarketClub’s Trade Triangles for ALGOUSD

long term down The long-term trend has been DOWN since Jan 21st, 2022 at 1.2973

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2022 at 0.6075

short term up The short-term trend has been UP since Jun 20th, 2022 at 0.3181

Smart Scan Analysis for ALGOUSD

Based on our trend formula, ALGOUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ALGOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.3464 0.3551 0.3551 0.3522 +0.0058
Prev. Close Volume Bid Ask Time
0.3464 2022-06-26 05:15:01
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