Don't Miss This One!!! $ALGO #Algorand #Crypto

1. März 2020

Daily
Looking at our highest timeframe we see ALGO testing our dynamic support(uptrend) stochastic rsi showing momentum is in favor of the bears with no signs of reversal. ALGO formed a higher high with a daily close at $0.50 taking out our previous higher high at $0.40. Since making a new high the price has remained in a minor downtrend and is now looking for support.


4Hour
Shifting over to our pattern timeframe we see the price remaining in a descending channel, stochastic rsi showing momentum also stuck in a pattern and we should be expecting a huge push very soon. Bullish divergence shown in momentum, a 4hour close above $0.33 indicates we will head towards the upside, however a rejection from this level and expect ALGO to continue towards our $0.30 support zone. Something to keep in mind is ALGO has never seen a bull run and is already being compared to ETH and XTZ...persoanlly one of my favorite coins.

2. März 2020

Trade ist aktiv

trade has been triggered and in profit!