https://www.tradingview.com/x/QL5SK61s/
Algorand (ALGO) Weekly Analysis
Algorand closed this week below the previous week's low, which to me signals a potential revisit to last week's lows. Here's the breakdown:
Weekly Close: Below last week's low, suggesting bearish momentum.
Price Action: ALGO has failed to maintain above the support level it briefly tested, indicating that sellers might still have control.
I'm watching for:
Support Test: Expect a test of last week's low around .35. If this level doesn't hold, we could see further downside. I'm expecting .29 range to get hit at some point.
Resistance: The immediate resistance now appears to be at .49, which was the high of the previous week but has to get above .45 before getting to that, lol.
Algorand (ALGO) Weekly Analysis
Algorand closed this week below the previous week's low, which to me signals a potential revisit to last week's lows. Here's the breakdown:
Weekly Close: Below last week's low, suggesting bearish momentum.
Price Action: ALGO has failed to maintain above the support level it briefly tested, indicating that sellers might still have control.
I'm watching for:
Support Test: Expect a test of last week's low around .35. If this level doesn't hold, we could see further downside. I'm expecting .29 range to get hit at some point.
Resistance: The immediate resistance now appears to be at .49, which was the high of the previous week but has to get above .45 before getting to that, lol.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。