Looks like ALGO caught a bounce off an old line of support from the last run through January/early Feb and popped back into our descending channel. If it is a bull flag, when it breaks in a couple days we're looking at a target around $1.90 or it fall back to $.80 and need to find support somewhere.
It seems that we are in an uncertain time where all T.A. is providing the potential up and or down with no hint on what the T.A. bias is... Meaning it could go up or down good luck! I know taking a position is hard and there isnt always a position to take, but lots of limbo and if we cant act on the T.A., what is the point. I am not judging, it is just an observation and when T.A. is in doubt the entire market feels doubtful. Thanks for the information though as I am not a T.A. technician so I think you TA folks are pretty amazing.
spiritedBear89562
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@Billyboy40, I appreciate the kind words. I'm certainly no expert, some people read tarot cards or tea leaves for fun too! Crypto is hard to "divine" as one day it could be doing its own thing, but if Bitcoin twitches all plans go out the window. Personally, I like ALGO and if drawing some lines on a chart bring attention to it, then that's good enough for me!