ThijsTrades

ALGO bouncing and heading back up

Long
KRAKEN:ALGOEUR   Algorand / Euro
Hi guys. I haven’t posted in a bit since last time I was terribly wrong about the BTC direction in my last post. I took my time to reflect on how and why I missed out on the bearish signals that caused BTC to crash. I also sold all my BTC yesterday, it seems too unstable atm.

Here’s my ALGO prediction for now. ALGO went down quite deep to €1, but is now working its way back up. EMA cross just happened, market cipher indicates LONG signal and the RSI divergence is looking good too. For me that’s a confirmation of the bounce and I’m hoping to reach my target €1.16 in a few days. If it does not hold however (which seems very unlikely at this point) it may fall to €0.95 in the coming days. Good luck trading everyone, and please do your own analysis before following up on someone else’s.