Algorand in February
As Market is Bullish and lows are getting higher, Resistence is being touched several times and the Bulls are testing new highs.
Within each 5-7 days swings we can see an average of +0.0100 movement. Also new channels are made after every swing under them, where surpassed, for instance 21st of JAN, bearish trends touched support level.
Pay attention to the new lower channel level. "Yellow"
If Bears surpass this channel then support levels will be tested. (Aggressive bearish movements in future might push the resistance and support levels lower.)
Within each 5-7 days swings we can see an average of +0.0100 movement. Also new channels are made after every swing under them, where surpassed, for instance 21st of JAN, bearish trends touched support level.
Pay attention to the new lower channel level. "Yellow"
If Bears surpass this channel then support levels will be tested. (Aggressive bearish movements in future might push the resistance and support levels lower.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.