Since the corona capitulation, ALGO has been trading inside a well-defined bullish uptrend.
With the recent fall of BTC, it's only natural that alts like ALGO will follow. However, ALGO is closing in on the support line of the bullish channel, making it likely that ALGO will bounce in the near future.
Wait for a confirmed trend change of BTC before trading. Target is the top of the channel.
Happy trading!
With the recent fall of BTC, it's only natural that alts like ALGO will follow. However, ALGO is closing in on the support line of the bullish channel, making it likely that ALGO will bounce in the near future.
Wait for a confirmed trend change of BTC before trading. Target is the top of the channel.
Happy trading!
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