ALGO has held up fairly well over the past week and is still trading above its long-term ascending support (black line) which it has held since December 2020. It is attempting to break above its short-term resistance at ~1.42 and flip it into support.
The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit targets. In the long-term ALGO may push toward the top of the channel. If BTC continues to find stability and push upward, ALGO can move with it.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit targets. In the long-term ALGO may push toward the top of the channel. If BTC continues to find stability and push upward, ALGO can move with it.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments and thoughts below!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.