Algorand (ALGO) - July 19

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(ALGOUSDT 1W Chart)
It is expected that an upward trend will occur when it breaks above the 0.4253-0.6132 section.


(1D chart)
Primary resistance: 0.3689-0.3872
Secondary resistance: 0.4253

Support: 0.3091-0.3310

The key is whether we can break through the 0.3689-0.3872 section, which is the primary resistance section, upwards.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)

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