ALGO has held up fairly well over the past week and is still trading above its long-term ascending support (black line) which it has held since December 2020. It is attempting to break above its short-term resistance at ~1.42 and flip it into support.
The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit targets. In the long-term ALGO may push toward the top of the channel. If BTC continues to find stability and push upward, ALGO can move with it.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit targets. In the long-term ALGO may push toward the top of the channel. If BTC continues to find stability and push upward, ALGO can move with it.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
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.
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.