That's the make or break for Algorand. Yesterday drop ended up with a bull trap and a chance for trend reversal. There are three rules in place now.
- We want to stay above the yellow line ( the previous low on a weekly chart )
- Closing below yesterday low invalidates the setup
- Closing below 0.1560 will propably mean that Algo will drop to 0.1150
- We want to stay above the yellow line ( the previous low on a weekly chart )
- Closing below yesterday low invalidates the setup
- Closing below 0.1560 will propably mean that Algo will drop to 0.1150
Comment:
And also we need to climb back into this channe
Comment:
We've got a test of the channel. Closed another part of my nasdaq long. Holding algo but we need more upside
