#ALGO, Can #Algorand push higher?
Updated
A quick look at #Algorand (#ALGOUSDT, #Binance, 4HR):
If you want to read more about Algorand on CoinMarketCap, click here.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
- Price broke the upper resistance of the triangle pattern on March 29.
- Since then, it broke the $1.47 resistance, flipping into support (S1). If S1 holds, price can try to break R1 and push the price higher.
- If S1 does not hold, price might go back down and try to rebound from the EMA200/S2.
If you want to read more about Algorand on CoinMarketCap, click here.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
Trade active
T1 reached! Woo-hoo!Now, enjoy the profit. I will try to recharge at $1.6305 and at $1.5960. Look at the chart below for details. If it goes well, great. If not, I will reinvest somewhere else.
Now, if R1 flips into support, we can look at attacking TP2!
Trade active
Well, ALGO recovered about half of the recent drop. If the current level will hold, we can look at going up again.Trade closed: stop reached
We hit the Stop Loss. Since then, price is timidly trying to recover. Let's see how this plays out before our next analysis.
Related publications
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.