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ALGOBTC

ALGOBTC - Pure Speculation Play ALGORAND hit the exchanges on Friday, including Binance. The ICO price was $2.40, already sitting around $1.40. That's a 41% drop in 3 days, ouch! Usually, we see at least 1 nice green candle day during the first 5 days of a new listing. ALGO hasn't had that yet so it could be overdue. This is an extremely speculative play though based upon psychology and zero technicals. I would spread buy orders out in case it goes further. Not for the faint of heart. Good luck!
Long
by Cryptrarian
ALGO/BTC Downtrend Channel Takes ShapeALGO/BTC in a perfectly parallel downtrend channel. As a comparison, when MATIC started trading on Binance, it went steadily down for two weeks, losing significant value. ALGO has been trading for a couple of days and is already well on its way down. The ALGO price was obviously overvalued at $2.40 USD. It could go much lower from here. Or, who knows, it could turn around and try to retest its original valuation. The latter seems less likely, given the strong downtrend it's in.
Long
by tat_2