ALGO/USDT = Sideways before The Breakdown/Breakout

26 Nov 2023

We see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones.

We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!

27 Nov 2023

Dagangan aktif

The price has had a nice movement to lower zones, resulting in a nice 5% market price movement.