Algorand / TetherUSPanjang
ALGO - 3D Bullish Divergence
ALGO has been beaten down the past couple weeks, but has recently started showing some strength from the lows.
Lets first examine the bullish divergence we see forming on the 3D. We had a lower low in price action, but our relative strength index has formed a higher low! This shows buying strength at these lower levels. We also see that our RSI is trying to bounce exactly off oversold conditions!! Price is also around the same price levels of the 2020 covid crash! What a bargain. Accumulating at these levels for ALGO will make you look like a superstar during the next bull run.
Also, I have outlined some key price levels in the short term (based on Fibonacci) that we can watch for in the next coming weeks/ months.
Lets first examine the bullish divergence we see forming on the 3D. We had a lower low in price action, but our relative strength index has formed a higher low! This shows buying strength at these lower levels. We also see that our RSI is trying to bounce exactly off oversold conditions!! Price is also around the same price levels of the 2020 covid crash! What a bargain. Accumulating at these levels for ALGO will make you look like a superstar during the next bull run.
Also, I have outlined some key price levels in the short term (based on Fibonacci) that we can watch for in the next coming weeks/ months.
Penafian
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