Algorand / TetherUSที่อัปเดต: ALGO/USDT Bullish / Bearish targets. Possible plays
RSI is below 40, indicating bearish momentum. However, it is not yet in the oversold territory, suggesting there could be more room for downward movement or consolidation before a potential reversal,
MACD line is below the signal line and below zero, which confirms the current bearish sentiment.
The On-Balance Volume is relatively flat with a slight downward trend, suggesting a lack of strong buying pressure.
Considering the current position below the Ichimoku Kinko Hyo, combined with the bearish signals from RSI and MACD, the immediate outlook appears bearish. However, as the price is approaching a significant Fibonacci extension level, be on the lookout for potential reversal signs. This could include bullish divergences on RSI, a MACD line crossover above the signal line, or a price breakout above the Cloud.
MACD line is below the signal line and below zero, which confirms the current bearish sentiment.
The On-Balance Volume is relatively flat with a slight downward trend, suggesting a lack of strong buying pressure.
Considering the current position below the Ichimoku Kinko Hyo, combined with the bearish signals from RSI and MACD, the immediate outlook appears bearish. However, as the price is approaching a significant Fibonacci extension level, be on the lookout for potential reversal signs. This could include bullish divergences on RSI, a MACD line crossover above the signal line, or a price breakout above the Cloud.
บันทึก
I will be Updating on ALGO soon, Played out pretty much as expected... following up soon!
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