ALGOUSDT: Higher Highs and Higher Lows
ALGO has been caught in a range for a while now.
Looking at the chart we can clearly see an aggressive reply by the Bulls, defending the 0.9$ price point and pushing the price to the 61.8% Fib level.
On the 1D chart, as far as technicals go:
- The RSI is sitting closer to 50 (NEUTRAL/HOLD).
- While the MACD has yet to cross above the Signal line. That being said, the Histogram has indicated a decrease in Bearish Momentum.
- MAs remain in favour of the upwards trend.
What to look out for:
- The EMA9 crossing above the MA50 might signal a move towards the 1.45-1.50$ resistance (Blue Impulse).
- While the opposite might see us retesting the 1.08-1.19$ range, which might ignite a V-shaped recovery in the short-term (Red Bounce).
Looking at the chart we can clearly see an aggressive reply by the Bulls, defending the 0.9$ price point and pushing the price to the 61.8% Fib level.
On the 1D chart, as far as technicals go:
- The RSI is sitting closer to 50 (NEUTRAL/HOLD).
- While the MACD has yet to cross above the Signal line. That being said, the Histogram has indicated a decrease in Bearish Momentum.
- MAs remain in favour of the upwards trend.
What to look out for:
- The EMA9 crossing above the MA50 might signal a move towards the 1.45-1.50$ resistance (Blue Impulse).
- While the opposite might see us retesting the 1.08-1.19$ range, which might ignite a V-shaped recovery in the short-term (Red Bounce).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.