TradingView
The_Geronimo
Jul 16, 2020 7:09 PM

ALGO/USD Detailed Analyse Short

Algorand / US DollarBinance

Description

ALGO was listed on Coinbase and it was already listed on CoinbasePro before.

So it has risen above %25 in hours and daily TD sequental chart shows it was rejected to pass $0,35 resistance
it's likely to start falling.

Considering Twitter hack and bad reputation news about Bitcoin and economical crisis and new lockdowns due to Covid -19,
i expect ALGO to fall below $0,3 soon.
Good luck.

Trade active

Actually i wasnt expecting ALGO/USD to break $0,35-0,36 resistance but it turned from $0,382 resistance and after few times trying to break resistance ,it wasnt successfull and probably it will start falling from here after profit sales starts.
Note : Algo was already on coinbase pro and it started rising before it was announced to be listed on Coinbase so Coinbase is manipulating cryptos and probably they will start selling ALGO's they have from this price.
Good luck.
More