ALGOUSDT 4H Analysis
Algorand / TetherUS BINANCE:ALGOUSDT
🟢#ALGO/USDT
$ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone .
break out from the upper line can increase the price to the resistance zone between $1 and $1. 05 .
also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line.
break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65.
⚠ This Analysis will be update
🤵🏻 Analyzed By: AmirHossein
📅 02.26.2022
⚠️ (DYOR)
