Algorand / Dollar Intraday: the downside prevails as long as 0.0862 is resistance
Limited downside
Our preference: the downside prevails as long as 0.0862 is resistance.
Our pivot point stands at 0.0862.
Our preference: the downside prevails as long as 0.0862 is resistance.
Alternative scenario: the upside breakout of 0.0862 would call for 0.0881 and 0.0893.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.0843 and 0.0844). $ALGO
Supports and resistances: 0.0893 ** 0.0881 * 0.0862 ** 0.0843 last 0.0818 0.0807 ** 0.0795 *
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