#ALGOUSDT #ALGOCOIN
Trade setup: Appears on a verge of breaking out from a Sideways Channel ($0.25-$0.35), but needs to be confirmed by breaking above 200-day moving average as well. If confirmed, price could rally up to $0.50 resistance. (set a price alert).
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, which it broke, then $0.50 and $0.70.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, which it broke, then $0.50 and $0.70.
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