Algorand / TetherUS
Panjang

ALGO: Pullback in Uptrend

116
Trade setup: Price remains in an Uptrend. Following a failed break above $0.30 resistance, price is approaching $0.20 support area, which could be an attractive swing entry in Uptrend, with +25% upside potential to $0.25 near-term and +50% to $0.30 mid-term. Stop Loss (SL) level at $0.18.

Trend: Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).

Support and Resistance: Nearest Support Zone is $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.

Penafian

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