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?
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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.
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.