Here is the idea about ALGOUSDT.
The price is currently trading at daily support DS1.
The price was rejected from weekly resistance WR1 before coming back to daily support zone DS1.
I believe this daily support is very likely to provide support and make the price bounce from here.
The likely trajectory of the price is depicted in the chart.
The price is likely to aim for weekly resistance WR1 next on this bounce.
At WR1, the price is likely to face some pullback before ripping this resistance and target the next strong resistance which is quarterly resistance 3MR1.
Lets monitor this one as we go and adjust our expectations. But for now this is what I see as the likely path for ALGOUSDT.
Whats your thought?
The price is currently trading at daily support DS1.
The price was rejected from weekly resistance WR1 before coming back to daily support zone DS1.
I believe this daily support is very likely to provide support and make the price bounce from here.
The likely trajectory of the price is depicted in the chart.
The price is likely to aim for weekly resistance WR1 next on this bounce.
At WR1, the price is likely to face some pullback before ripping this resistance and target the next strong resistance which is quarterly resistance 3MR1.
Lets monitor this one as we go and adjust our expectations. But for now this is what I see as the likely path for ALGOUSDT.
Whats your thought?
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.