HEY traders, what's going on today ?!
Since 21 Feb2021, when I posted the ' Algorand ' analysis and after reaching its ATH ,it has been declining till now ,although according to my analysis first it declined to the
lower entry point then jumped from there , but wasn't able to rise more as much as I predicted . (more than 320%ð° (1x)long).
So today I'm gonna have another analysis on the weekly timeframe for Algo/usdt , and as you can can see after finishing the ascendant Eliot waves , it started the corrective wave (ABC) ,and already trading below the important pivot zone and between (38.2 -23.6 ) of fibo Level . so if it be able to breakout the descending trendline and overcome the pivot zone it can retest the higher resistance zone . but otherwise it will fall again to lower support lvls.
âïļ Good luck with your trading and investing and remember: Trade smartâĶOR JUST DONâT TRADE!
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ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
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