Good day, everyone. I hope everyone is having a relaxing day.
ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991.
I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance.
If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support.
Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70.
Please do your own research. I am not offering financial advice! Trade responsibly folks!
ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991. I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance.
If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support.
Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70.
Please do your own research. I am not offering financial advice! Trade responsibly folks!
Nota
$0.27 resistance has broken as of 11:48AM. However, waiting on confirmation. Best of luck, everyone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.