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altFINS

ALGO: Pullback in Uptrend

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Algorand / TetherUS (BINANCE:ALGOUSDT)  
altFINS  
BINANCE:ALGOUSDT   Algorand / TetherUS
Trend Analysis Chart Patterns Technical Indicators algo algorand algorandusdt ALGOUSDT algotether algorandtether crypto Cryptocurrency cryptotrading
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trendanalysis chartpattern indicator algo algorand algorandusdt algousdt algotether algorandtether crypto cryptocurrency cryptotrading
Trade setup: Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.215.

Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.

Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).

Support and Resistance: Nearest Support Zone is $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
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