Algorand (ALGO) - July 31

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(ALGOUSDT 1W Chart)
The key is whether it can find support and move higher near 0.3319.


(1D chart)
Primary resistance: 0.3872-0.4478
Secondary resistance: 0.5993-0.6704

Support: 0.3099-0.3319


If it finds support above the HA-High indicator of 0.3414, I would expect it to move higher.


A break below 0.3099 to find resistance is expected 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.

** 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 through split trading. It is a short-term investment perspective.)

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