Algorand (ALGO) - June 30

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(ALGOUSDT 1W Chart)

Below 0.5021 is likely to be a mid- to long-term investment area.


(1D chart)
Below 0.3310, it is likely to enter the long-term investment realm.

So, the key is whether it can move higher than 0.3091-0.3310.

Rather than rising immediately, it is likely to rise after it leads to a further decline.


As I said in the explanation of the BTC chart, I think that it is more likely to rise faster if it moves sideways while showing a large fluctuation.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(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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