#ALGO Algorand 1D - Bearish Divergence in sight
Updated
I am looking at the 1D chart for Algorand. I show the top and bottom multi-year trendlines and it seems that we may have some downside to go possibly based on historical trends. I showed a possible fractal from the past that may play out again.
Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to come in the future.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to come in the future.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
Note
eerily similar pattern. keep an eye on this one.
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