Algorand (ALGO)

On the above 5-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why?

1) You know why.

2) Price action and RSI resistance breakouts.

3) Strong regular bullish divergence.

4) Price action prints on past support & resistance, look left.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: will say somewhere else

Trade active:

Its time..

Comment:

resistance breakout

Trade active

Comment:

Past resistance confirms support. The next challenge will be at 20 cents.

Comment:

40% since last update, almost at 20 cents. Remember what was said above.