Algo, Avax, and SUIs are showing strong technical setups and can get the benefits as well as reaching the major resistance levels. What to see for the week here.
Summary
- Elgo: The $ 0.26 neckline was rebuilt, one can target $ 0.34 or higher than $ 0.27.
- Awax: Support $ 27 neckline twice, $ 20 for a target for a possible breakout.
- Swai: MAS are stacking in order of fast, price of price to test $ 4.30 – $ 4.40 resistance.
Elgo
The price of Algorand (ALGO) has recently been broken by a large-scale dutom formation, with the neckline around $ 0.26 and the accumulation base is at $ 0.15- $ 0.16. After the breakout, Algo Prime reached the peak of $ 0.34, obtained about 90% of the measured trick target.
As expected after such a high speed, the price of the Elgo once again pulled back to a low of $ 0.22 before rebounding the neckline area. While the dip $ 0.26 underlines the neckline, quick recovery suggests that buyers can still define this level as a major axis. Bulls rebuild it with algo trading at $ 0.27 as press time. If today is a clean closer than $ 0.27, then after continuous speed, it acquires a high signal week or soon for $ 0.34 height formation to the Retests.
Awax
Unlike ALGO, which was actually a double bottom and then top out, the avalanche (AVX) formed a donable bottom, but it is a $ 27 neckline. After testing it twice and creating a mini dobe top, it returned to about $ 21, where 50 SMAs served as support and contained the fall.
The Avax Price is currently rebounding that is testing 20 EMA, there is still intake with a fast crossover between the two MAS. It seems to trekking once again to resume $ 27 neckline. To make this lead a reversed with a strong volume and follow-up-handle-holding acquisition, possibly with a week, because the avax value is only about 17% from that level.
Swai
The price of SUI (SUI) has been above 20-day and is currently trading at $ 3.83 with EMA 20 and SMA 50 rapid crossover. Additionally, the price has crossed the 7-day EMA on yesterday’s 8%+ candle, and which is currently 7 EMA below 20 EMA, it is soon ready to cross it, which will pile up this moving average in a rapid order.
This significantly reduces the risk of top formation of recession gap in bullish MA stacking, which firmly shifts the shift sanital in favor of the bulls. As a result, the possibility of testing of $ 4.30 – $ 4.40 resistance field has been invested, with a high next VK capacity.