SPY_Trader

ALGO - Fighting to come back

Long
KRAKEN:ALGOUSD   Algorand
The cryptocurrency ALGO, which is as of this writing, is around 1.06099. Through the day it traded as high as 1.13174 and as low as 1.01200

Bollinger Bands
Looking at the Bollinger Bands for ALGO, you can see that ALGO is trading in the lower, channel which is considered to be a bearish sign.

Stochastic
This indicator is showing red line is over the blue, showing a bearish trend.

MACD
Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative of an overall bearish towards ALGO by the market.

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