ALGO looks interesting to me:
- Bounced off long-term support
- Has made a couple of higher highs and higher lows (Williams Trailing Stops)
- 8/ 21D bull cross (Exponential Moving Averages)
- Solid green daily trend for the last 3 weeks (Price Action Trend | Simple)
So my entry bid is at 0.00002735.
Stop is under recent lows at 0.00002493. Targets are up to your style, but logical places would be under resistance zones: 0.00003786 (set stop in profit), 0.00004853 (for 8.5R), 0.005616 (and so on)
I'll pull it on signs of general market weakness.
Look at that weekly chart though - ALGO has great potential if alts do finally run.
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