#ALGO HOLDING STRONGLY AT THIS KEY LEVEL: WHAT'S NEXT?
ALGO has been trading closely to the lows of 2020 and it hasn't cut this critical level of support yet. Many traders have found this as a great opportunity for long positions just like us. Since we aren't easily anxious by the fact that it could breakdown at anytime. Instead, we are more than happy that this fear level of ALGO is present. At these zones, ALGO have the highest tendency to hold since these are its monthly lows. The more it holds these key levels, the likelihood of benefiting from long positions may it be market or limit entries will be greater.
#DAR IMPULSIVE MOVEMENTS WITHIN ITS RANGING MARKET: WHAT'S NEXT?
DAR continues to move within the ranging market structure since April of this year. Right now, after it has bounced from its support level, it was able to secure a 57.87% increase with just 1 daily impulsive wick. This ranging market structure's high is currently at 0.2558, low at 0.0921 and the average price is 0.1734. This tells us that within these ranges, since DAR was able to hold off the support and resistance. Many are still convinced at not taking any breakout/breakdown chances on both sides. With this in mind, in the event this ranging market structure continues over this year. A possible huge market movement may happen and even when it looks like it's about to fall below its major support levels. We can still say that the lower levels will have the tendency to support this token's price for a possibility of a huge breakout in its long-term aspects.
$DAR
#IMX STAYING ON TOP OF THE PREVIOUSLY BROKEN MAJOR RESISTANCE
IMX has continued to establish its foothold at its nearly established new support. For every test that the sellers conduct on this support. Many buyers anticipate the sudden volatility of the prices caused by several tests. Hence, leading to abrupt bounces. From the opening of this week alone, IMX gathered 17.47% increase which has provided a great opportunity for day traders who have done some long positions. As IMX continues to hold this key level, we're also looking at the probabilities of a shakeout just below this support until it creates another impulsive wave upwards.
Stay wise, trade cautiously.
