klaye060502

ALGOUSD Algorand Daily

Short
BINANCE:ALGOUSD   Algorand
algo looks to be a failing to break the .50 fib upward, and holding the downward trend line short term. Stuck between resistance above, and a massive amount of support below, a test downward is only logical from here. A Big Head and shoulders looks to drive continued capitulation, and force a test of the monthly support line . I expect a bounce back up from there, with another long fight to get back its lost ground. Short target $.23-$.215, long from there. Thanks for looking!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.