🟢#ALGO/USDT
ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone.
break out from the upper line can increase the price to the resistance zone between $1 and $1.05.
also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line.
break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65.
⚠ This Analysis will be update
🤵🏻 Analyzed By: AmirHossein
📅 02.26.2022
⚠️ (DYOR)
ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone.break out from the upper line can increase the price to the resistance zone between $1 and $1.05.
also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line.
break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65.
⚠ This Analysis will be update
🤵🏻 Analyzed By: AmirHossein
📅 02.26.2022
⚠️ (DYOR)
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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.