stantm23

ALGOUSDT- Fibo Retracement

BINANCE:ALGOUSDT   Algorand / TetherUS
www.tradingview.com/chart/nSeV9PgK/

Fib retracement underway. Check if support at 0.382 or 0.5 of the retracement. Plenty of gas for bulls to run after the retracement as seen on volume in green rallies and decreasing volume in the red candles. if price goes below 0.618 indicates end of rally. Look for support first and establish support at the region.

Oh FYI on weekly chart a cup and handle was formed however still waiting to break the 12th Feb highs. On watchlist for the moment.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.