Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market.
Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for...
This is a cleaner chart with the relevant channel and price levels using weekly closes.
Next we will take a look at Moving Averages using standard and nonstandard time periods.
Simplicity is significant. When viewing a price chart, what are the first things we notice?
Highs, Lows, and Slopes
As we begin to analyze a chart, note the major and highs. Like a magnet, these are price levels that price will gravitate toward and repel from over time. How price approaches these levels will give us insight into the likelihood of a continuation...