Algo relief rally and drop in January

5 gen 2023

ALGOUSDT

Just a local picture for January



Possible Targets and explanation idea
➡️After hype around World Cup championship we dropped down and found the main support zone.
➡️I think this is the potential bottom for now for ALGO
➡️Local trade can be looks like this on 12H timeframe
➡️According Crypto4light Direction indicator whales accumulated Algo all December. Now we see clear signal to pump on both indicators
➡️Local stop losses now over 0.23 cents so we have a little bit range to grab this tiny stop losses and go back test 0.17 like support
➡️ In February we will see price over 0.30 and maybe 0.50 for ALGO. More clear higher timeframe global chart ill post in another idea
➡️With path I showed potential direction for January local time period trades

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10 ago

Trade chiuso manualmente

Reached only first Gap