Algorand (ALGO) - November 5

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(ALGOUSDT 1W Chart)

The key is whether it can be supported by rising to the 0.4253-0.6132 section.


(1D chart)
The key is whether it can find support near 0.3853 and move above 0.4253.

If it doesn't, it is likely to drop to around 0.3421.


A volume profile section is formed over the section 0.4253-0.6132.

Therefore, if it rises above this section, it is expected to show a full-fledged upward trend.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:

(ALGOBTC 1W chart)