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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

ALGOUSDT Neutral Sideways Channel EmergingTrade setup: False breakout from Sideways Channel ($0.25-$0.35) as price has fallen back under $0.35 and into that sideways trading pattern. (set a price alert). Trend: Neutral on Medium-Term basis and Downtrend on Short- and Long-Term basis. Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). OBV (On Balance Volume): Is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers). Support and Resistance: Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, then $0.50 and $0.70.
by Cryptbergofficial
ALGO - AnalysisALGO had a price drop last week. After hitting the resistance range of $0.367-0.380, its price reacted negatively. The bullish corner pattern seen on the chart has been broken to the downside, and with the pattern confirmed, the price has continued down to the $0.335 range. Support in the $0.32-$0.34 range could be the first target for sellers. The price has reacted positively by dealing with this range. But the RSI indicator shows completely negative momentum. To get bullish again, buyers need to break the dynamic resistance to the upside and stabilize the price above the $0.34 range. In this case, we can expect the price to grow again after the pullback to the trend line. But if the current support is broken with a strong daily candle, further declines could continue to the $0.30 range.
by MonoCoinSignal
10
Algorand (ALGO) - October 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) Whether or not it can move higher than 0.6704 is key. To do this, it is necessary to check whether it is supported and ascends in the 0.3310-0.4253 section. (1D chart) We need to see if we can keep the price above 0.3310. If it falls below the 0.2865-0.3091 range, there is a possibility that it will fall to around 0.2140. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1