Since the corona capitulation, ALGO has been trading inside a well-defined bullish uptrend.
With the recent fall of BTC, it's only natural that alts like ALGO will follow. However, ALGO is closing in on the support line of the bullish channel, making it likely that ALGO will bounce in the near future.
Wait for a confirmed trend change of BTC before trading. Target is the top of the channel.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.