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TraderThierry
May 10, 2021 6:56 PM

ALGOUSD bounce off 100 Moving Average Indicator Long

Algorand / United States DollarCoinbase

Description

The moving average indicator is a widely used indicator that can sometimes predict future price movement of an asset. Often, when any asset price bounces off the Moving Average or ‘MA’, this means that we are in for a good increase in price.
For two days in a row, ALGOUSD price has experienced a bounce off the 100 period MA, could this be a final call before departure to the moon?
Let me know what you think in the comments!
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