Algorand (ALGO) - August 23

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(ALGOUSDT 1W Chart)

The key is whether it can rise above 0.3310 and find support.


(1D chart)
If it does not rise above the 0.3099-0.3310 section, there is a possibility that it will fall to around 0.2140.


- Since the RSI, Stoch RSI, and CCI(9) indicators have all entered the oversold zone, if they start to break out of the oversold zone, it is likely to lead to a big rise.

To do that, you need to find support at or above the 0.3099-0.3310 range when you break out of the oversold zone.

If it doesn't and it's finding resistance as it is now, it's likely to lead to further declines.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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