Algorand / TetherUSShort
ALGO Update - turned bearish
Updated
Updating my previous chart (linked below), this coin has a local support zone highlighted in the green zone.
It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now.
It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone.
In the buy zone, I will upload another analysis to see if it's time to buy or not.
It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now.
It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone.
In the buy zone, I will upload another analysis to see if it's time to buy or not.
Note
We are in the middle of the buy zone, upon break we will open a longNote
Let's turn that green zone as support now as BTC falls down. Good sign
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