ALGO Update:
ALGO has been in a downtrend since last year and has yet to break above it. Currently, the price is near the initial support level at $0.15, with no strong bullish signs so far. If this support fails to hold, we could see ALGO move down toward the lower support at $0.108.
On the brighter side, if ALGO shows a rebound, we can expect another attempt to break above the $0.25 resistance level. A long position may be considered if there are clear signs of a rebound from the initial support.
Trade carefully, and always do your own research and analysis.
Regards,
Dexter
ALGO has been in a downtrend since last year and has yet to break above it. Currently, the price is near the initial support level at $0.15, with no strong bullish signs so far. If this support fails to hold, we could see ALGO move down toward the lower support at $0.108.
On the brighter side, if ALGO shows a rebound, we can expect another attempt to break above the $0.25 resistance level. A long position may be considered if there are clear signs of a rebound from the initial support.
Trade carefully, and always do your own research and analysis.
Regards,
Dexter
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.
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.