Algorand / TetherUS
Panjang

ALGO: Resistance Breakout

191
Trade setup: Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.25 to signal continuation of that uptrend, with +20% upside potential to $0.30 near-term and $0.35 mid-term. Stop Loss (SL) level at $0.225.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $0.20 (previous resistance), then $0.17. The nearest Resistance Zone is $0.25, which it broke, then $0.30.

Penafian

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