Algorand (ALGO) - August 12

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(ALGOUSDT 1M Chart)
The key is whether the price can be maintained above 0.3310.


(1W chart)
The key is whether it can find support at the 0.3310-0.4478 zone and move higher than 0.6704.

- The RSI indicator is out of the oversold zone, but the Stoch RSI indicator is entering the overbought zone, so it is expected to show a mixed trend.


(1D chart)
It seems likely that a trend will form in a direction that deviates from the 0.3099-0.3872 range.

A move above 0.3872 is expected to rise above 0.4478.

However, holding the price above 0.3310 is expected to lead to an attempt to move higher above 0.3872.


If it falls below 0.3099, it is expected to decline to around 0.2140.

Therefore, if it falls below 0.3099 and resists, a stop loss is required to secure cash.

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

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

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

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