ALGORAND is following the market's movement during the last couple of hours. However, we can see that the price is now close to break this downward trend as it hits the upper lane of the parallel channel.
If we have a break there then we are going to have new levels in the chart and a retest will come to place.
The support level is around 1,02. This level will be...
ALGO has been swept the Previous Range Low. now it looks ready to fly.
Here also 200MA is acted as a support, which is a good sign for a bullish trend.
Remember ...You should have a plan before trading and expect everything
Don't trade what you can't afford to lose.
Best Wishes !!
$ALGO has consolidated beneath the descending trendline for around 2 weeks now, RSI shows a breakout & retest, price action should follow. I'm buying some here preempting the breakout with a stop loss beneath the recent 4HR swing low.
Support with like!
# ALGO / USD
📌Downward movement ALGO
🔹Analytics: Over the past 2 weeks, the asset lost 50% when it fell, at the moment we had a second stop and we are slowly moving to the counter-trend line, when breaking and fixing above it, this will be a good setup for an upward movement, if not - let's go further down, which is unlikely and...
ALGO seems to be rebounding strongly after the strong sell-off earlier this week. Since a lot of cryptos are seeing strong bullish moves at the moment, ALGO will follow them at some point. My take is that ALGO will see a bullish move towards the 1.185 level, after which there will be a small sell-off towards the 1.10 support level. This support will in turn lead...
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