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ALGO daily time frame cryptocurrency analysis (logarithmic chart)
In the daily time frame, we see the candle closing above the red trend line, and the price has also reacted to its static support area of $0.31.
If the price stabilizes above the support area of $0.31, it will have the ability to realize the targets of $0.345, $0.36 and the resistance area of $0.38 (mid-term).
Otherwise, with the loss of the static support area of $0.31, we expect the price to hit the red trend line and also react to the green area of $0.27 daily.
Arztoday Team 🌹
ALGO daily time frame cryptocurrency analysis (logarithmic chart)
In the daily time frame, we see the candle closing above the red trend line, and the price has also reacted to its static support area of $0.31.
If the price stabilizes above the support area of $0.31, it will have the ability to realize the targets of $0.345, $0.36 and the resistance area of $0.38 (mid-term).
Otherwise, with the loss of the static support area of $0.31, we expect the price to hit the red trend line and also react to the green area of $0.27 daily.
Arztoday Team 🌹
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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.