ALGO/USDT Weekly Chart Update
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ALGO on this weekly timeframe has been in a downtrend since March 2024. The price is already down by 60%, and if the market goes bearish, ALGO is likely to drop a further 48% to 50%.
The only bullish scenario for ALGO is to break above the 50 EMA and the resistance trendline.
Key Observations:
~ Support/Entry: $0.076 to $0.0909
~ Resistance: $0.1905
~ Higher Rallies: $0.2817, $0.4679, $0.8280, $1.5124, $2.3825, $3.44.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ALGO on this weekly timeframe has been in a downtrend since March 2024. The price is already down by 60%, and if the market goes bearish, ALGO is likely to drop a further 48% to 50%.
The only bullish scenario for ALGO is to break above the 50 EMA and the resistance trendline.
Key Observations:
~ Support/Entry: $0.076 to $0.0909
~ Resistance: $0.1905
~ Higher Rallies: $0.2817, $0.4679, $0.8280, $1.5124, $2.3825, $3.44.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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