Algo has completed a devastating 95% retracement since it’s ICO release on binance several months back. Looking at the RSI trend, we can see Algousdt is currently trying to break out of the downtrend over the past several weeks. I opened a long position during the crash yesterday at .195 on GDAX. We can see bullish divergence developing in the rsi on the Algo-USD pair for GDAX. A strong bounce seems likely here and a possible bottom in price could have been established. However there is always further risk to the downside. Furthermore, we see a strong sell signals or Algo from trading view. In the past, this indicator has served well as a strong buy signal...
Comment:
Big volume is printing on the binance AlgoBTC pair with bullish divergence. Do you really think this coin will just keep falling into a grave? Or do you think accumulation is happening right now?
