"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected...
Part of my ongoing analysis for AlgoRand (see links below)
This is the big picture plot, since pre-covid crash.
Algo has had a slower recovery that some others.
But it is now building a pretty solid trend structure.
$ 0.2182 is the KEY level, break and retest possible, break and run preferred.
$ 0.3051-0.3104 will be first Major resistance, a level to take some...
It has been since October 2019, #Algo is in accumulation mode and it is now testing the upper level of its range.
I think there are 2 possibilities:
a) Successfully passes above the resistance, retest and continue
b) Failures and continue to accumulation.
In the end, after the accumulation, there is a big upside potential for #Algo.
ALGO tech is on par with Tezos and is in infancy stages. Created by MIT minds. It has drawn down majorly in the bear market and has upside potential as a real player in Defi and STO markets. It has acceptance already with local EU governments and is primed for a major continuation move.
ALGO was listed on Coinbase and it was already listed on CoinbasePro before.
So it has risen above %25 in hours and daily TD sequental chart shows it was rejected to pass $0,35 resistance
it's likely to start falling.
Considering Twitter hack and bad reputation news about Bitcoin and economical crisis and new lockdowns due to Covid -19,
i expect ALGO to...
ALGOUSD has rallied hard, up almost 100% from it's local base low. Will be interesting to see if volume remains in the trade as it slows down back into it's trending buy zone. RSI is flashing early signs of a hidden bullish divergence; so there could be one more run left in this bull before it settles down.