ALGO seems to be rebounding strongly after the strong sell-off earlier this week. Since a lot of cryptos are seeing strong bullish
moves at the moment, ALGO will follow them at some point. My take is that ALGO will see a bullish
move towards the 1.185 level, after which there will be a small sell-off towards the 1.10 support level
. This support will in turn lead to an even stronger push towards heights of before the mini crash earlier this week.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.