ALGO appears to have a 3rd test of the 50 RSI (third time’s the charm) on the way as well as the MACD curling up, histogram is lightening. The triangle looks ready to pop and has reached its apex.
Unfortunately, the daily moving averages don’t seem to be giving any signs at least to me, so please point it out if you see something.
Despite this I’m overall bullish on Algorand & can see $5 easily
Trade active
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broke down. but bought more.
ready to buy more if it drops further and most likely bounces off support at 1.57