Algorand key levels: support and resistance

Questions

• What is Algorand's nearest support level today?

  The dated line under the heading names it: the closest level below ALGO's last daily close, with the closest level above it as resistance. The table gives every level's distance from that close, so you can check each figure yourself.

• How does Flicker find support and resistance for ALGO?

  From Algorand's own daily candles. A support is a day whose low sits below the lows of the 20 days on either side of it, and a resistance is a day whose high sits above theirs. The 200-day high and low come from the last 200 daily candles. Both are prices that mattered before, not forecasts.

• What is the structure-break level?

  When ALGO's structure is rising or falling, it is the price where a daily close would end that structure: the lowest low of the recent candles for a rising structure, the highest high for a falling one. In a range or a choppy market there is no single level, and the table leaves the row out.

• Where would a stop loss go on Algorand?

  Each zone comes with its own stop, listed first in the table: the level where that setup is wrong. It sits beyond the zone by a distance set by ALGO's typical daily move. Flicker reads and marks the level; whether you use it, and how much you put at risk, is your decision.

• Are these levels a price prediction?

  No. A level says where price turned before, and a zone says where a setup would start and where it would be wrong. Neither says where Algorand will go next. Analysis, not advice.

• How often do Algorand's levels update, and can I set alerts?

  They come from the same daily read as the check, and the line under the heading shows when that read was computed. Sign in to set alerts at a zone's entry, stop and first target, and you hear when price reaches them.