Morning star candle on daily(sign if reversal), bottomed out on the RSI and daily MACD hasn't crossed. Look for retest of 1.2191, if it breaks that set buy order and take some profit at 50% level and 61.80% level. COINBASE:ALGOUSD
Could see a bounce off the 38.20% level, if it breaks down through that level look for a bounce at 23.6% level. If Algo can break through the parallel channel and the 50% level look for a 100% retracement then to 161.8% and beyond.
