After a bloody week, ALGO is showing early signs of recovery. Price touched the 0.1060 zone and bounced back with a green candle from below, and is now trading around 0.1097.
🔹 Scenario: The new week could open green, with a move toward the first resistance at 0.1219 🔹 After the breakout: retest of 0.1219 as support, then continuation toward 0.1270+ 🔹 Support: 0.1060. If it breaks, the scenario is invalidated
This is a potential recovery after heavy selling, but confirmation only comes with a close above 0.1219.
⚠️ NFA. Do your own research and manage your risk.
$ICP is trading inside a clear ascending channel on the 15m timeframe, showing consistent higher highs and higher lows. The price just broke above the mid-range and is testing the upper boundary of the channel.
If it breaks and holds above this level, we could see continuation toward the $8.00 target zone.
Stop-loss remains below the last local low at $6.82, maintaining a solid R/R setup.
The previous ATH for $ZEC was set in 2017 at $2,027.
The current technical analysis shows that if it breaks out of the ascending channel on the Daily Chart, the first projected target is around $747 (Dec.2017), followed by a secondary target at $956 (Jan.2018).