💎Technical Analysis Summary💎
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend...
ALGO Algorand seems to have a bounce potential since it`s close to it`s all time low support.
This could be a good accumulation area for the next run.
What the indicators are saying:
Buy on 2 hour chart
Buy on 7h chart
Sell on 3 days chart
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle,...
Algo is in a good position for a long time. Reversed from Fibo 618 support and stabilized above the static resistance level and I think it can break the trend and move towards the black Shinigami and touch the targets that are specified.
Ok, If you have been following along with our educational and private newsletter. You know what this is all about, if you don't yet. I bet there is a lot that can be learned simply from finding other times tokens or assets have accumulated. The best way to learn is to do it your self.
SO what do you think? What does Algorand look like it's going to do?
Today, our Automatic Engulfing Strategy revealed a potential growth in ALGOUSDT price.
The reverse in the price movement is confirmed by the DMI Indicator: +DI and -DI lines reflects the increase in the bullish and decrease in bearish activity.
The RSI and Bollinger Bands Indicators demonstrate that the downtrend is over.
We expect the 2.7% price growth from...
Algo testing now the major trendline support (white)
and bounced from there
If the price can hold above this area and break the trendline resistance (purple) can be a good buy
But for me... best buy area when also break above ema 100-200 around resistance 0.37$
Stability above this resistances can lead to great jump
If you like my ideas hit like and follow for...