Algorand (ALGO) - December 7Hello?
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(ALGOUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.76754798 point: Expected to create a new wave.
(1D chart)
First resistance section: near point 2.30117362
Second resistance section: 2.84473154-3.02591751
First support section: near point 1.21405778
Second support section: 0.67049985-0.85168582
A move above the 1.97455023 point is needed to see if it can accelerate the uptrend.
If they do, they should check to see if they find support at the 1.57642973-1.75761570 zone.
The price should hold above the 1.35658321 point to continue the uptrend.
Accordingly, a short-term Stop Loss is required if the price declines from the 1.57642973 point.
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(ALGOBTC 1W chart)
6469 Satoshi point or higher: Expected to create a new wave.
Above the 2886 Satoshi point: It is likely to turn into an uptrend and continue the uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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